U.S. Department of Commerce confirms duties on Chinese steel wire rod imports

On November 13, 2014, the Department of Commerce announced its affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of carbon and certain alloy steel wire rod from the People’s Republic of China.

The Department determined that imports of carbon and certain alloy steel wire rod from China have been sold in the United States at dumping margins ranging from 106.19 percent to 110.25 percent. According to the investigations, the Chinese importers received unfair levels of government subsidies ranging from 178.46 percent to 193.31 percent.

Importers facing the duties include Benxi Steel, Tangshan Iron and Steel Group Co, Rizhao Steel Wire Co, Hunan Valin Xiangtan Iron & Steel Co and Jiangsu Shagang International Trade Co.
The merchandise covered by these investigations is certain hot-rolled products of carbon steel and alloy steel, in coils, of approximately circular cross section, less than 19.00 mm in actual solid cross-sectional diameter.
The petitioners were ArcelorMittal USA, Charter Steel, Evraz Pueblo, Gerdau Ameristeel, Keystone Consolidated Industries and Nucor Corporation.

The U.S. International Trade Commission is scheduled to make its final injury determination, which will determine whether duties go ahead, on or before December 26, 2014.

For details, see here.