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News Release 14-124
Inv. No(s). 701-TA-512 and 731-TA-1248 (Final)
Contact: Peg O'Laughlin, 202-205-1819
The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.
All six Commissioners voted in the affirmative.
As a result of the USITC's affirmative determinations, Commerce will issue antidumping and countervailing duty orders on imports of this product from China.
Commerce previously made affirmative critical circumstances determinations in its investigations. Therefore, the Commissioners who made affirmative determinations today are required to determine whether imports covered by Commerce's critical circumstances determinations are likely to undermine seriously the remedial effect of the antidumping and countervailing duty orders Commerce will issue. With respect to critical circumstances, all six Commissioners voted in the negative.
The Commission's public report Carbon and Certain Alloy Steel Wire Rod from China (Investigation Nos. 701-TA-512 and 731-TA-1248 (Final), USITC Publication 4509, December 2014) will contain the views of the Commissioners and information developed during the investigations.
The report will be available after January 23, 2015. After that date, it may be accessed on the USITC website at: http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.
publogs/qry_publication_loglist.asp.
UNITED STATES INTERNATIONAL TRADE COMMISSION
Office of Industries
Washington, DC 20436
FACTUAL HIGHLIGHTS
Carbon and Certain Alloy Steel Wire Rod from China
Inv. Nos. 701-TA-512 and 731-TA-1248 (Final)
Product Description: Steel wire rod is an intermediate product, hot-rolled from carbon steel and alloy steel, in irregularly wound coils, of approximately round cross section, less than 19.00 mm in cross-sectional diameter. Specifically excluded are products with the above-noted physical characteristics that meet the Harmonized Tariff Schedule of the United States (HTSUS) definitions for (a) stainless steel; (b) tool steel; (c) high nickel steel; (d) ball bearing steel; or (e) concrete reinforcing bars and rods. Also excluded are free cutting steel (free machining steel) products. Steel wire rod is sold primarily to wire drawers for subsequent drawing and finishing into steel wire.
Status of Proceedings:
1. Type of investigations: Final antidumping and countervailing duty.
2. Petitioners: ArcelorMittal USA LLC, Chicago, IL; Charter Steel, Saukville, WI; Evraz
Pueblo, Pueblo, CO; Gerdau Ameristeel US Inc., Tampa, FL; Keystone Consolidated
Industries Inc., Dallas, TX; and Nucor Corporation, Charlotte, NC.
3. Investigations instituted by the USITC: January 31, 2014.
4. USITC hearing: November 12, 2014.
5. USITC vote: December 15, 2014.
6. USITC determination issued: January 2, 2015.
U.S. Industry:
1. Number of producers in 2013: 10.
2. Location of producers' plants: Arizona, Colorado, Connecticut, Florida, Illinois, Indiana,
Nebraska, New Jersey, Ohio, Oklahoma, Oregon, South Carolina, Texas, and
Wisconsin.
3. Employment of production and related workers in 2013: 2,194.
4. U.S. producers' U.S. shipments in 2013: $2.5 billion.
5. Apparent U.S. consumption in 2013: $3.8 billion.
6. Ratio of subject imports to apparent U.S. consumption in 2013: 8.9 percent.
U.S. Imports in 2013:
1. From the subject country during 2013: $336 million.
2. From other countries during 2013: $896 million.
3. Leading sources during 2013: China, Canada, Japan, Brazil, Germany, the United
Kingdom, and Turkey.