US finds dumping of alloy steel wire rod

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US Secretary of Commerce Wilbur Ross announced the final positive determinations in the anti-dumping duty investigations (AD) imports of carbon and alloy steel wire rod from Belarus, Russia and the United Arab Emirates.

The Commerce Department determined that exporters from Belarus, Russia and the United Arab Emirates sold wire rod to the United States at 84.10 – 756.93% less than fair value.

“The United States is dedicated to free, fair and reciprocal trade with these countries, and this case was decided strictly on the basis of a full and fair assessment of the facts,” Ross said. “The Department of Commerce is committed to protecting American companies that are harmed by foreign manufacturers who refuse to play fair.”

As a result of these rulings, the Commerce Department will ask U.S. Customs and Border Protection (CBP) to collect cash deposits from wire rod importers from Belarus (280.02%), Russia (436.80 – 756.93%) and United Arab Emirates (84.10%) based on these final tariffs. Since Commerce also found that critical circumstances existed for all Russian exporters / producers, Commerce will request CBP to retroactively collect cash deposits on all incoming wire rod from Russia for a period beginning 90 days. before provisional decisions.

In 2016, wire rod imports from Belarus, Russia and the United Arab Emirates were valued at around $ 10.4 million, $ 32.3 million and $ 7 million, respectively.

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

The anti-dumping law provides an internationally accepted mechanism for American businesses and workers to seek redress for the adverse effects of unjustly dumped imports into the United States. From January 20, 2017 to November 7, 2017, the Department of Commerce initiated 77 anti-dumping and countervailing duty (CVD) investigations, an increase of 61 percent from 48 the previous year. The Commerce Department currently maintains 412 AD and CVD orders that provide relief to US businesses and industries affected by unfair trade.

If the United States International Trade Commission (ITC) makes positive final injury determinations, the Department of Commerce will issue anti-dumping orders. If the ITC makes final negative injury determinations, the investigations will be closed and no order will be made.

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