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US confirms steel wire rod duties, nixes retroactivity on Russia

Increase font size  Decrease font size Date:2017-12-21   Views:503
The US International Trade Commission Tuesday made affirmative final injury determinations regarding carbon and certain alloy steel wire rod from Belarus, Russia and the UAE, authorizing dumping duties in the range of roughly 84%-757%.

The ITC also ruled that critical circumstances did not exist regarding rod imports from Russia.

On November 21, the US Department of Commerce set final rod duties at 280.02% for Belarus, 436.80%-756.93% for Russia and 84.1% for the UAE.

Commerce also determined that critical circumstances exist with respect to Russian imports, making duties retroactive 90 days from the preliminary duty determination, or back to September 5.

However, the ITC determination supersedes the Commerce ruling and retroactive duties will be canceled.

US rod producers Gerdau, Nucor, Keystone Consolidated and Charter Steel petitioned for the trade case in March.

It initially involved 10 countries but seven of them -- Italy, South Korea, South Africa, Spain, Turkey, Ukraine and the UK -- did not have expedited investigations and final determinations are pending.

The duties determined for rod imports from Belarus, Russia and the UAE were based on adverse facts available as these countries did not respond to investigative queries.
 
 
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