USITC VOTES TO CONTINUE INVESTIGATIONS ON STEEL CONCRETE REINFORCING BAR FROM JAPAN, TAIWAN, AND TURKEY
The United States International Trade Commission (USITC) on November 03, 2016, ruled that “there is a reasonable indication that a U.S. industry is materially injured by reason of imports of steel concrete reinforcing bar from Japan, Taiwan, and Turkey that are allegedly sold in the United States at less than fair value and subsidized by the government of Turkey. All six Commissioners voted in the affirmative. As a result of the Commission’s affirmative determinations, the U.S. Department of Commerce will continue to conduct its antidumping and countervailing duty investigations on imports of this product from Japan, Taiwan, and Turkey, with its preliminary countervailing duty determination due on or about December 14, 2016, and its preliminary antidumping duty determinations due on or about February 27, 2017.” Inv. No. 701-TA-564 and 731-TA-1338-1339 (Preliminary)
The imports from the above named countries in 2015 were: $854.1 million. The apparent U.S. consumption in 2015 was: $4.5 billion.
The Petitioners were : Rebar Trade Action Coalition and its individual members: BD Vinton LLC, Vinton, TX; Byer Steel Corporation, Cincinnati, OH; Commercial Metals Company, Irving, TX; Gerdau Ameristeel U.S. Inc., Tampa, FL; Nucor Corporation, Charlotte, NC; and Steel Dynamics, Inc., Fort Wayne, IN.