The U.S. International Trade Commission “determined that a U.S. industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value and subsidized by the governments of Italy and Turkey.”

As a result, Commerce will issue antidumping duty orders on imports of this product from Italy, Korea, Spain, Turkey, and the UK, and countervailing duty orders on imports of this product from Italy and Turkey.

The Commission also made a negative finding concerning critical circumstances with regard to imports of this product from Spain, Turkey, and the United Kingdom.  As a result, imports of carbon and certain alloy steel wire rod from Spain and the United Kingdom will not be subject to retroactive antidumping duties, and imports of this product from Turkey will not be subject to retroactive countervailing duties.

In April, the Commerce Department determined that exporters from Italy, Korea, Spain, Turkey, and the UK are dumping carbon and alloy steel wire rod in the U.S. at 12.41– 18.89%, 41.1%, 11.08% – 32.6%, 4.74% – 7.9%, and 147.6% less than fair value, respectively.

Commerce also determined that Italy and Turkey are providing countervailable subsidies to its producers of carbon and alloy steel wire rod at rates ranging from 4.16% – 44.2% and 3.8%, respectively.

In 2016, imports of carbon and alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom were valued at an estimated $12.2 million, $45.6 million, $40.7 million, $41.4 million, and $20.5 million, respectively.

The petitioners were Gerdau Ameristeel US Inc., Nucor Corporation, Keystone Consolidated Industries, and Charter Steel.

The Commission’s public report Carbon and Certain Alloy Steel Wire Rod from Italy, Korea, Spain, Turkey, and the United Kingdom (Inv. Nos. 701-TA-573-574 and 731-TA-1350-1351, 1354-1355, and 1358 (Final), USITC Publication 4782, April 2018) will contain the views of the Commission and information developed during the investigations.

The report will be available by June 1, 2018; when available, it may be accessed on the USITC website at: http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.

Click HERE for a fact sheet on these decisions.