The Department of Commerce has imposed anti-dumping duties on imports of carbon steel and alloy steel wire rod from China.
FREE Download: The MMI® Monthly Report – covering the steel and iron ore markets.
Commerce made a preliminary determination that carbon and alloy steel wire rod from China was sold in the United States at 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 the China 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. These determinations were already in effect prior to yesterday’s decision and are in addition to Tuesday’s anti-dumping duties.
The domestic producers requesting the tariffs were ArcelorMittal USA LLC (Illinois), Charter Steel (Wis.), Evraz Pueblo (formerly Evraz Rocky Mountain Steel) (Colo.), Gerdau Ameristeel US Inc. (Florida), Keystone Consolidated Industries, Inc. (Texas) and Nucor Corporation (NC).
The goods subject to this investigation are hot-rolled carbon and alloy steel products, coiled, of approximately circular 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 valued at approximately $313 million.
The Commerce Department is expected to announce its final decision in the case by November 13.
