US DOC announced preliminary duties on Chinese wire rod imports

The US DOC announced the preliminary duties on imports of carbon and alloy steel wire rods from China. Accordingly; Rizhao Steel Wire Co, Hunan Valin Xiangtan Iron & Steel, and Jiangsu Shagang International Trade Co (a subsidiary of Jiangsu Shagang Group) were all assigned a preliminary duty of  106.19%. All other producers were assigned a duty of 110.25%

The US DOC previously set preliminary CVD margins of 81.36% for Hebei Iron&Steel, and 10.30% for Benxi Steel and all other producers in China.

The final decision will be made by November 12th by the US DOC which is to be followed by the final decision of the US International Trade Commission in December.

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