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US Secretary of Commerce Wilbur Ross announced the affirmative final rulings in anti-dumping (AD) duty investigations on imports of carbon and alloy steel wire rod (wire rod) from South Africa and d ‘Ukraine.
The Commerce Department has determined that exporters from South Africa and Ukraine are selling 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 steel and alloy wire rod to benefit from market distorting relief from foreign producers dumping their goods into the domestic market,” Ross said. “While the United States enjoys its relations with South Africa and Ukraine, even our closest friends must play by the rules.”
Therefore, the Department of Commerce will request the United States Customs and Border Protection (CBP) Service to collect cash deposits from wire rod importers of South Africa and Ukraine on the basis of these final rates.
In 2016, imports of carbon steel and alloy steel wire rod from South Africa and Ukraine were estimated at $ 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 respect to next steps, 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.
The anti-dumping law provides an internationally accepted mechanism for American businesses and workers to seek redress for the harmful effects of unfair pricing of imports into the United States. The Commerce Department currently maintains 418 anti-dumping and countervailing duty orders that provide relief to US businesses and industries affected by unfair trade.
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