1/5/2015 1:09:00 AM
HEADLINES
U.S. Set to Levy Duties on Wire Rod From China
With a 6-0 vote, the U. S. International Trade Commission (USITC) determined that a U.S. industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the U.S. at less than fair value.
As a result, Commerce will issue antidumping and countervailing duty orders on imports of wire rod from China.
Commerce previously made affirmative critical circumstances determinations in its investigations, so USITC commissioners are required to determine whether imports covered by Commerce’s critical circumstances determinations are likely to undermine seriously the remedial effect of the antidumping and countervailing duty orders Commerce will issue. With respect to critical circumstances, all six Commissioners voted in the negative.
The Commission’s public report Carbon and Certain Alloy Steel Wire Rod from China (Investigation Nos. 701-TA-512 and 731-TA-1248 (Final), USITC Publication 4509, December 2014) will contain the views of the Commissioners and information developed during the investigations.
The report will be available after January 23, 2015. After that date, it may be accessed at http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.publogs/qry_publication_loglist.asp.
FACTUAL HIGHLIGHTS
Carbon and Certain Alloy Steel Wire Rod from China
Product Description: Steel wire rod is an intermediate product, hot-rolled from carbon steel and alloy steel, in irregularly wound coils, of approximately round cross section, less than 19.00 mm in cross-sectional diameter. Specifically excluded are products with the above-noted physical characteristics that meet the Harmonized Tariff Schedule of the United States (HTSUS) definitions for (a) stainless steel; (b) tool steel; (c) high nickel steel; (d) ball bearing steel; or (e) concrete reinforcing bars and rods. Also excluded are free cutting steel (free machining steel) products. Steel wire rod is sold primarily to wire drawers for subsequent drawing and finishing into steel wire.
Petitioners included ArcelorMittal USA LLC, Chicago, IL; Charter Steel, Saukville, WI; Evraz Pueblo, Pueblo, CO; Gerdau Ameristeel US Inc., Tampa, FL; Keystone Consolidated Industries Inc., Dallas, TX; and Nucor Corporation, Charlotte, NC.
Investigations were instituted by the USITC on January 31, 2014. A hearing was held on November 12, 2014, with the USITC vote conducted on December 15, 2014.
A USITC determination is expected to be issued on January 2, 2015.
In 2013 the U.S. had 10 wire rod producers in Arizona, Colorado, Connecticut, Florida, Illinois, Indiana, Nebraska, New Jersey, Ohio, Oklahoma, Oregon, South Carolina, Texas, and Wisconsin.
The domestic industry employed 2,194 workers who produced U.S. shipments worth $2.5 billion. The apparent U.S. consumption in 2013 was $3.8 billion, with the ratio of subject imports to apparent U.S. consumption at 8.9%.
U.S. imports of wire rod in 2013 included $336 million worth of product from China and $896 million from other countries, including Canada, Japan, Brazil, Germany, the UK and Turkey.
Related Stories:
Share: