Carbon and Certain Alloy Steel Wire Rod from Belarus, Russia, and the United Arab Emirates Injures U.S. Industry, Says USITC

December 19, 2017
News Release 17-184
Inv. No. 731-TA-1349, 1352, adn 1357 (Final)
Contact: Peg O'Laughlin, 202-205-1819
Carbon and Certain Alloy Steel Wire Rod from Belarus, Russia, and the United Arab Emirates Injures U.S. Industry, Says USITC

The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from Belarus, Russia, and the United Arab Emirates that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value.

Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson and Meredith M. Broadbent voted in the affirmative. 

As a result of the USITC’s affirmative determinations, Commerce will issue antidumping duty orders on imports of this product from Belarus, Russia, and the United Arab Emirates.

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

The Commission’s public report Carbon and Certain Alloy Steel Wire Rod from Belarus, Russia, and the United Arab Emirates. (Investigation Nos. 731-TA-1349, 1352, and 1357 (Final), USITC Publication 4752, January 2018) will contain the views of the Commission and information developed during the investigations.

The report will be available by January 24, 2018; when available, it may be accessed on the USITC website at: http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.


UNITED STATES INTERNATIONAL TRADE COMMISSION
Washington, DC 20436

FACTUAL HIGHLIGHTS

Carbon and Certain Alloy Steel Wire Rod from Belarus, Russia, and the United Arab Emirates
Investigation Nos: 731-TA-1349, 1352, and 1357 (Final)

Product Description: Certain hot-rolled products of carbon steel and alloy steel, in coils, of approximately round cross section, less than 19.00 mm in actual solid cross-sectional diameter.  Wire rod is an intermediate good that is primarily used for subsequent drawing and finishing for wire drawers.

Status of Proceedings:

1.   Type of investigation: Final phase antidumping duty and countervailing duty investigations.
2.   Petitioners: Charter Steel, Saukville, WI; Gerdau Ameristeel US Inc., Tampa, FL; Keystone Consolidated Industries, Inc., Peoria, IL; Nucor Corporation, Charlotte, NC.
3.   USITC Institution Date: March 28, 2017.
4.   USITC Hearing Date:  November 16, 2017.
5.   USITC Vote Date: December 19, 2017.
6.   USITC Notification to Commerce Date: January 11, 2018.

U.S. Industry in 2016:

1.   Number of U.S. producers: 8.
2.   Location of producers’ plants: Arizona, California, Colorado, Connecticut, Florida, Illinois, Nebraska, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, Texas, and Wisconsin.
3.   Production and related workers: 2,222.
4.   U.S. producers’ U.S. shipments: $1.8 billion.
5.   Apparent U.S. consumption: $2.8 billion.
6.   Ratio of subject imports to apparent U.S. consumption: 10.5 percent.[1]

U.S. Imports in 2016:

  1. Subject imports: $298.2 million.1
  2. From Belarus, Russia, and United Arab Emirates: $54.4 million.
  3. From Italy, Korea, South Africa, Spain, Turkey, Ukraine, and the United Kingdom: $243.8 million.
  4. Nonsubject imports: $703.2 million.
  5. Leading import sources: Canada, Ukraine, Korea, Turkey, and Spain.
 

[1] Subject imports include Belarus, Russia, and the United Emirates as well as other subject countries (Italy, Korea, South Africa, Spain, Turkey, and Ukraine).

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