wiredinUSA October 2014

US drops some duties, ups others

The US commerce department has dropped a preliminary decision to impose anti-dumping duties on steel rebar imports from Turkey. US rebar producers have described the move as “shocking” because they believed they had a strong case. The ruling reverses a preliminary decision in April that would have imposed duties of up to 2.6 percent on the country’s imports of rebar. “We are shocked that the commerce department failed to find dumping against Turkish rebar companies,” the Rebar Trade Action Coalition said in a statement. The coalition is made up of Nucor Corp, Byer Steel, Cascade Steel, Commercial Metals Co and Gerdau Long Products North America. In another announcement the commerce department confirmed that duties of up to 66.7 percent will be imposed on Mexican material. Duties of 66.7 percent will be imposed on Grupo Acerero SA de CV and Grupo Simec, with a duty of 20.58 percent for all other producers and exporters. Deacero chief executive Raul Gutierrez said the duties will have a “big impact” on Mexican manufacturers and US consumers, who will no longer have a high quality alternative to US-produced rebar.

wiredInUSA - October 2014

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