trending Market Intelligence /marketintelligence/en/news-insights/trending/ehnutyrrvy2i8qtby9egjw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

US Commerce issues findings on imports of wire rods, steel flanges

Industry Top Trends 2021: Metals and Mining

Commercial Real Estate: 2020 Review

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition


US Commerce issues findings on imports of wire rods, steel flanges

The U.S. Department of Commerce on March 20 said it had made final determinations in the anti-dumping duty and countervailing duty investigations of imports of carbon and alloy steel wire rod from Italy and Turkey and its anti-dumping probe of carbon and alloy steel wire rod from South Korea, Spain and the U.K.

The Commerce Department said exporters from Italy, South Korea, Spain, Turkey and the U.K. are dumping carbon and alloy steel wire rod in the U.S. at 12.41% to 18.89%, 41.10%, 11.08% to 32.64%, 4.74% to 7.94%, and 147.63% lower than fair value, respectively.

The department 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% to 44.18% and 3.81% to 3.86%, respectively.

Data showed that in 2016, imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey, and the U.K. were worth an estimated $12.2 million, $45.6 million, $40.7 million, $41.4 million, and $20.5 million, respectively.

In a separate release, the Commerce Department also preliminarily determined that exporters from China and India have sold stainless steel flanges in the U.S. at 257.1%, and 18.10% to 145.25%, lower than fair value, respectively.

In 2016, imports of stainless steel flanges from China and India were worth an estimated $16.3 million and $32.1 million, respectively.

The Commerce Department is scheduled to announce the final determinations in these investigations on or around June 5, 2018.