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US Commerce Adds To Steel Trade Investigations

by Glen Shapiro, Tax-News.com, New York

19 October 2016

The US Department of Commerce (Commerce) has announced the initiation of antidumping duty (AD) investigations into imports of steel concrete reinforcing bar from Japan, Taiwan, and Turkey, and anti-subsidy countervailing duty (CVD) investigations into imports of the same product from Turkey.

The petitioner for the investigations is the Rebar Trade Action Coalition and its individual members. In 2015, imports of steel concrete reinforcing bar from Japan, Taiwan, and Turkey were valued at a total USD800m (from USD570m in 2014, and only some USD390m in 2013), with imports from Turkey alone reaching USD674.4m last year.

The alleged AD margins against exporters from Japan, Taiwan, and Turkey have been estimated at up to 209.46 percent, 84.66 percent, and 66.55 percent, while the estimated CVD margin to be allocated against Turkish exporters have not been indicated, although they are expected be above the minimal level for duties to be determined.

The US International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before November 4 this year. If the ITC determines that there is a reasonable indication that imports of steel concrete reinforcing bar materially injure the domestic industry, the AD and CVD investigations will continue.

Commerce is scheduled to make its preliminary CVD determinations in December 2016 and its preliminary AD determinations in February 2017.

Commerce is involved in a wide range of trade disputes over steel sector imports, most of which involve Chinese exporters. Other disputes involving China include imports of stainless steel sheet and strip, cold-rolled steel flat products, corrosion-resistant steel products, carbon and alloy cut-to-length plate, and non-oriented electrical steel.

Disputes that do not involve China also cover hot-rolled steel flat products, finished carbon steel flanges, and now also steel concrete reinforcing bar.

TAGS: tax | business | anti-dumping | Taiwan | manufacturing | trade disputes | United States | import duty | trade | Japan | Turkey

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