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The Commerce Department imposed anti-dumping duties on imports of carbon and alloy steel wire rod from China.
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The Commerce Department has preliminarily determined that carbon and alloy steel wire rod from China was sold to the United States with margins of dumping ranging from 106.19% to 110.25%. Some companies, including Rizhao Steel Wire Co, Hunan Valin Xiangtan Iron & Steel Co and Jiangsu Shagang International Trade Co, a subsidiary of Jiangsu Shagang Group, face a slightly lower duty rate of 106.19%, but the standard duty at China’s scale were set at 110.25 percent. The Commerce Department has already set preliminary anti-subsidy duties of 81.36% for Hebei Iron & Steel and 10.30% for Benxi Steel and all other producers and exporters in China. Those determinations were already in effect prior to yesterday’s ruling and are in addition to Tuesday’s anti-dumping duties.
The domestic producers who requested the tariffs were ArcelorMittal USA LLC (Illinois), Charter Steel (Wis.), Evraz Pueblo (formerly Evraz Rocky Mountain Steel) (Colombia), Gerdau Ameristeel US Inc. (Florida), Keystone Consolidated Industries, Inc . (Texas) and Nucor Corporation (NC).
The goods subject to this investigation are hot-rolled carbon steel and alloy steel products, in coils, approximately circular in cross section, less than 19 mm in actual solid section diameter. In 2013, imports of carbon wire rod and certain alloy steels from China were estimated at $ 313 million.
The Commerce Department is expected to announce its final ruling in the case by November 13.
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