Antidumping duty rates are as follows:

Italy

• Ferriere Nord S.p.A.                    : 12.41%
• Ferriera Valsider S.p.A.              : 18.89%
• All Others                                      : 12.41%

South Korea

• POSCO                                           : 41.10%
• All Others                                      : 41.10%

Spain

• Global Steel Wire S.A                          : 11.08%
• CELSA Atlantic S.A.                            : 11.08%
• Compania Espanola de Laminacion: 11.08%
• ArcelorMittal Espana S.A                   : 32.64%
• All Others                                               : 11.08%

Turkey

• Habas                                                 :   4.74%
• Icdas                                                   :   7.94%
• All Others                                          :   6.34%

UK

• British Steel Limited                       : 147.63%
• Longs Steel UK Limited                 : 147.63%
• All Others                                          : 147.63%

Countervailing duty rates are as follows:

Italy

• Ferriere Nord S.p.A.                        :   4.16%
• Ferriera Valsider S.p.A.                  : 44.18%
• All Others                                          :    4.16%

Turkey

• Habas                                                 :     3.86%
• Icdas                                                   :     3.81%
• All Others                                          :      3.84%

The petitioners for the investigations are Gerdau Ameristeel US Inc., Nucor Corporation, Keystone Consolidated Industries and Charter Steel.

If the US International Trade Commission (ITC) makes affirmative final injury determinations, the DOC will issue antidumping and countervailing duty orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued. The ITC is expected to announce its decision on May 3.

According to the amended decision, the US DOC recalculated a preliminary antidumping duty rate of 40.80 percent for South Korean steelmaker POSCO and all other exporters from South Korea, compared to the previous preliminary antidumping duty rate of 10.09 percent for POSCO and all other exporters from the country as announced in October this year.

The products in question currently fall under the Harmonized Tariff Schedule of the United States (HTSUS) 7213.91.3011, 7213.91.3015, 7213.91.3020, 7213.91.3093, 7213.91.4500, 7213.91.6000, 7213.99.0030, 7227.20.0030, 7227.20.0080, 7227.90.6010, 7227.90.6020, 7227.90.6030 and 7227.90.6035.

Preliminary margins are set as follows:

• Belarus                                : 280.02 percent
• Russia                                  : 436.80-756.93 percent
• UAE                                      :   84.10 percent

Petitioners in the case were Gerdau Ameristeel, Nucor, Keystone Consolidated Industries, and Charter Steel of Wisconsin. The announcement of final antidumping duties is scheduled for November 21.

In the Italy CVD investigation, the US DOC calculated the following preliminary subsidy rates:

• Ferriere Nord S.p.A.                                              :  1.70 percent
• Ferriera Valsider S.p.A.                                        : 44.18 percent
• all other producers and exporters                      :  1.70 percent

The rate calculated for Ferriera Valsider S.p.A was based on adverse facts available due to its failure to fully cooperate in the investigation.

In the Turkey CVD investigation, the US DOC calculated the following preliminary subsidy rates:

• Habas                                                                       :  2.27 percent
• Icdas                                                                         : de minimis
• all other producers and exporters                      :  2.27 percent

The US DOC also determined that critical circumstances exist in the Turkey investigation for certain exporters, allowing for collection of duties for a retroactive period of 90 days.

Cash deposits from importers of carbon and alloy steel wire rod from Italy and Turkey will be collected based on these preliminary rates.

Unless the final determinations are aligned with the concurrent antidumping duty investigations, the US DOC is currently scheduled to announce its final CVD determinations on November 9.

• Belarus : 161.75 – 280.02%
• Italy : 18.89%
• Korea : 33.96 – 43.25%
• Russia : 214.06 – 756.93%
• South Africa : 128.66 – 142.26%
• Spain : 32.70%
• Turkey : 37.67%
• Ukraine : 21.23 – 44.03%
• United Arab Emirates : 84.10%
• United Kingdom : 147.63%

Estimated subsidy rates for Italy and Turkey are above de minimis.

The US International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before May 12, 2017. If the ITC determines that there is a reasonable indication of injury, the investigations will continue and the DOC will announce its preliminary CVD determinations in June 2017 and its preliminary AD determinations in September 2017, though these dates may be extended.  If the ITC’s determinations are negative, the investigations will be terminated.

The petitioners are Gerdau Ameristeel US Inc., Nucor, Keystone Consolidated Industries, and Charter Steel.

The products under investigation are currently classifiable under subheadings 7213.91.3011, 7213.91.3015, 7213.91.3020, 7213.91.3093, 7213.91.4500, 7213.91.6000, 7213.99.0030, 7227.20.0030, 7227.20.0080, 7227.90.6010, 7227.90.6020, 7227.90.6030, and 7227.90.6035 of the Harmonized Tariff Schedule of the United States (HTSUS).  Products entered under subheadings 7213.99.0090 and 7227.90.6090 of the HTSUS also may be included in this scope if they meet the physical description of subject merchandise.

• Gerdau Ameristeel US Inc.,
• Nucor Corporation
• Keystone Consolidated Industries, Inc.,
• Charter Steel

today filed petitions charging that unfairly-traded imports of carbon and alloy steel wire rod from

• Belarus,
• Italy,
• South Korea,
• Russia,
• South Africa,
• Spain,
• Turkey,
• Ukraine,
• United Arab Emirates,
• United Kingdom

are causing material injury to the domestic industry.

The petitions allege that producers in each of the 10 countries are dumping wire rod in the US market at the following alleged margins:

• Belarus                               : 179.07-304.94%
• Italy                                    : 26.36%
• South Korea                      : 41.72-53.09%
• Russia                                 : 216.50-821.40%
• South Africa                      : 159.35-164.08%
• Spain                                   : 32.64%
• Turkey                                 : 45.10%
• Ukraine                               : 21.64-61.64%
• United Arab Emirates      : 69.57%
• United Kingdom               : 88.25%

The petitions also allege that the governments of Italy and Turkey are providing countervailable subsidies to producers of wire rod, and identify numerous subsidy programs related to export loans, credit, and insurance at preferential rates, preferential tax treatment, and government grants, among other programs.

In a statement, the petitioners said the filing “is in response to large and increasing volumes of low-priced imports of wire rod from the subject countries since 2014 that have injured US producers. From 2014 to 2016, subject imports surged into the market at increasingly low prices, with subject import volume growing by over 56 percent and their average price, or unit value, falling dramatically by 32 percent.”

The petitions allege that subject imports were able to penetrate the US market by significantly undercutting US prices. As a result of increasing volumes of low-priced imports, US producers have suffered lost sales and significant declines in prices and profits, the statement said, adding that “foreign producers of wire rod also continue to threaten the domestic industry with additional injury due to their massive and growing production capacity and extensive unused capacity that will be used to export large volumes of unfairly low-priced and subsidized product to the United States. The price declines and financial deterioration that US producers have suffered are likely to continue if duties are not imposed to offset these unfair trading practices.”
The product covered by these petitions is 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 (carbon and alloy steel wire rod).

The US DOC will determine whether to initiate the antidumping and countervailing duty investigations within 20 days of today’s filing of the petitions and the US ITC will reach a preliminary determination of material injury or threat of material njury within 45 days of today’s filing. The entire investigative process will take approximately one year, with final eterminations of dumping, subsidization, and injury likely occurring in the spring of 2018.

The US DOC determined that imports of carbon and certain alloy steel wire rod from China have been sold in the United States at dumping margins ranging from 106.19 percent to 110.25 percent. Additionally, producers/exporters of carbon and certain alloy steel wire rod from China have received countervailable subsidies ranging from 178.46 percent to 193.31 percent, according to the US DOC.

In the antidumping investigation, mandatory respondents Benxi Iron and Steel Group Imp. and Exp. Corp. Ltd. and Tangshan Iron and Steel Group Co. Ltd. failed to respond to the US DOC’s requests for information and were deemed to be part of the China-wide entity. Accordingly, they received a final dumping margin of 110.25 percent. Separate rate applicants Hunan Valin Xiangtan Iron & Steel Co., Ltd. (Hunan Valin), Jiangsu Shagang International Trade Co., Ltd. (Shagang), and Rizhao Steel Wire Co., Ltd. (Rizhao) each received a final dumping margin of 106.19 percent. All other producers/exporters in China received the China-wide margin of 110.25 percent.

In the countervailing duty investigation, mandatory respondent Benxi Beiying Iron & Steel Group Import & Export Corp., Benxi Beiying Iron & Steel (Group) Co., Ltd., and 13 affiliates (collectively Benxi Steel) received a final subsidy rate of 193.31 percent. Mandatory respondent Hebei Iron & Steel Co. Ltd. Tangshan Branch (Hebei Iron & Steel) received a final subsidy rate of 178.46 percent. All other producers/exporters in China were assigned a final subsidy rate of 185.89 percent.

For the final determinations, the US DOC determined that critical circumstances exist with respect to imports of the subject merchandise from all exporters except Hunan Valin, Shagang, and Rizhao in the AD investigation, and from all exporters in the countervailing duty investigation.

The petitioners for these investigations were ArcelorMittal USA LLC, Charter Steel, Evraz Pueblo, Gerdau Long Steel North America, Keystone Consolidated Industries, Inc., and Nucor Corporation.

The ITC is scheduled to make its final injury determination on or before December 26, 2014.