US Finds Dumping of Carbon and Alloy Steel Wire Rod Imports - Global Trade Magazine
  January 17th, 2018 | Written by

US Finds Dumping of Carbon and Alloy Steel Wire Rod Imports

[shareaholic app="share_buttons" id="13106399"]

Sharelines

  • Commerce determined that exporters from South Africa and Ukraine sold wire rod in the US at less than fair value.
  • Ross: “Decision allows US producers to receive relief from market-distorting effects of foreign producers.”
  • Ross: “Even our closest friends must play by the rules.”

US Secretary of Commerce Wilbur Ross has announced the affirmative final determinations in the antidumping duty (AD) investigations of imports of carbon and alloy steel wire rod (wire rod) from South Africa and Ukraine.

The Commerce Department determined that exporters from South Africa and Ukraine sold wire rod in the United States at 135.46 to 142.26 percent and 34.98 to 44.03 percent less than fair value, respectively.

“The decision allows US producers of carbon and alloy steel wire rod to receive relief from the market-distorting effects of foreign producers dumping their goods into the domestic market,” said Ross. “While the United States values its relationship with South Africa and Ukraine even our closest friends must play by the rules.”

As a result, Commerce will instruct US Customs and Border Protection (CBP) to collect cash deposits from importers of wire rod from South Africa and Ukraine based on these final rates.

In 2016, imports of carbon and alloy steel wire rod from South Africa and Ukraine were valued at an estimated $7.1 million and $55 million, respectively.

The petitioners are Gerdau Ameristeel US Inc. (FL), Nucor Corporation (NC), Keystone Consolidated Industries (TX), and Charter Steel (WI).

With regard to next steps, if the US International Trade Commission (ITC) makes affirmative final injury determinations, Commerce will issue AD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.

The AD law provides US businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfair pricing of imports into the United States. Commerce currently maintains 418 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.