Carbon and Certain Alloy Steel Wire Rod from Italy, Korea, Spain, Turkey, and the United Kingdom Injures U.S. Industry, Says USITC

May 1, 2018
News Release 18-050
Inv. No. 701-TA-573-574 and 731-TA-1350-1351, 1354-1355, and 1358 (Final)
Contact: Peg O'Laughlin, 202-205-1819
Carbon and Certain Alloy Steel Wire Rod from Italy, Korea, Spain, Turkey, and the United Kingdom 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 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.

Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson and Meredith M. Broadbent voted in the affirmative. Commissioner Jason E. Kearns did not participate in these investigations.

As a result of the USITC’s affirmative determinations, Commerce will issue antidumping duty orders on imports of this product from Italy, Korea, Spain, Turkey, and the United Kingdom, 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.

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.


UNITED STATES INTERNATIONAL TRADE COMMISSION
Washington, DC 20436

FACTUAL HIGHLIGHTS

Carbon and Certain Alloy Steel Wire Rod
from Italy, Korea, Spain, Turkey and the United Kingdom
Investigation Nos. 701-TA-573-574 and 731-TA-1350, 1351, 1355, and 1358 (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., Dallas, TX; Nucor Corporation, Charlotte, NC.
3.   USITC Institution Date:  March 28, 2017.
4.   USITC Hearing Date:  November 16, 2017.
5.   USITC Vote Date:  May 11, 2018.
6.   USITC Notification to Commerce Date:  May 1, 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.[1]
5.   Apparent U.S. consumption:  $2.8 billion.1
6.   Ratio of subject imports to apparent U.S. consumption:  10.5 percent.1

U.S. Imports in 2016:

1.   Subject imports:  $298 million.[2]
2.   From Italy, Korea, Spain, Turkey, and the United Kingdom: $176 million.
3.   From Belarus, Russia, South Africa, Ukraine, and the United Arab Emirates: $122 million.
4.  Nonsubject imports:  $703 million.
5.   Leading import sources:  Canada, Ukraine, Korea, Spain and Turkey.


[1] Based on total market.

[2] Please note subject imports include Italy, Korea, Spain, Turkey, and the United Kingdom as well as other subject countries (Belarus, Russia, South Africa, Ukraine, and the United Arab Emirates).

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