US ITC rules to levy AD duties on Chinese steel wire rod imports
Post Date: 17 Dec 2014 Viewed: 341
The United States International Trade Commission determined that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the US Department of Commerce has determined are subsidized and sold in the United States at less than fair value.
All six Commissioners voted in the affirmative.
As a result of the USITC's affirmative determinations, Commerce will issue antidumping and countervailing duty orders on imports of this product from China.
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.
Status of Proceedings
1. Type of investigations: Final antidumping and countervailing duty.
2. Petitioners: 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
3. Investigations instituted by the USITC: January 31, 2014
4. USITC hearing: November 12, 2014
5. USITC vote: December 15, 2014
6. USITC determination issued: January 2, 2015
US Industry
1. Number of producers in 2013: 10.
2. Location of producers' plants: Arizona, Colorado, Connecticut, Florida, Illinois, Indiana, Nebraska, New Jersey, Ohio, Oklahoma, Oregon, South Carolina, Texas and Wisconsin.
3. Employment of production and related workers in 2013: 2,194.
4. US producers' US shipments in 2013: USD 2.5 billion.
5. Apparent US consumption in 2013: USD 3.8 billion.
6. Ratio of subject imports to apparent US consumption in 2013: 8.9 percent.
US Imports in 2013
1. From the subject country during 2013: USD 336 million.
2. From other countries during 2013: USD 896 million.
3. Leading sources during 2013: China, Canada, Japan, Brazil, Germany, the United Kingdom, and Turkey.