Commerce Announces Final AD/CVD Rates on Steel Wire Rod From 5 More Countries
The Commerce Department announced its final antidumping duty determinations in its investigations on carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the United Kingdom, as well as its final countervailing duty determinations for Italy and Turkey, in a March 20 fact sheet. The agency set AD rates at 41.1% for all South Korean exporters, at 147.63% got all UK exporters, and ranging from 11.08% to 32.64% for Spanish exporters. For Italy, the agency set AD rates ranging from 12.41% to 18.89% and CV rates ranging from 4.16% to 44.18%. For Turkey, AD rates range from 4.74% to 7.94% and CV rates range from 3.81% to 3.86%.
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The next step is the International Trade Commission’s final injury determination, currently scheduled for May 3. If the ITC finds injury, Commerce will make duties permanent by issuing AD and CV duty orders. Commerce already concluded its investigations and issued AD/CV duty orders on steel wire rod from Belarus, Russia, South Africa, Ukraine and the United Arab Emirates (see 1801230028 and 1803130013). International Trade Today will have more details on these final determinations for Italy, South Korea, Spain, Turkey and the United Kingdom when they are published in the Federal Register.