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News Release 17-071
Inv. No(s). 701-TA-573-574 and 731-TA-1349-1358 (Preliminary)
Contact: Peg O'Laughlin, 202-205-1819
The United States International Trade Commission (USITC) today determined that there is a reasonable indication that a U.S. industry is materially injured or threatened with material injury by reason of imports of carbon and certain alloy steel wire rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom that are allegedly sold in the United States at less than fair value and subsidized by the governments of Italy and Turkey.
Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson, and Meredith M. Broadbent voted in the affirmative. Commissioner F. Scott Kieff did not participate in these investigations.
As a result of the Commission’s affirmative determinations, the U.S. Department of Commerce will continue to conduct its antidumping and countervailing duty investigations on imports of this product from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom, with its preliminary countervailing duty determinations due on or about June 21, 2017, and its preliminary antidumping duty determinations due on or about September 5, 2017.
The Commission’s public report Carbon and Certain Alloy Steel Wire Rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom (Inv. Nos. 701-TA-573-574 and 731-TA-1349-1358 (Preliminary), USITC Publication 4693, May 2017) will contain the views of the Commission and information developed during the investigations.
The report will be available after June 9, 2017. After that date, it may be accessed on the USITC website at: http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.
UNITED STATES INTERNATIONAL TRADE COMMISSION
Washington, DC 20436
FACTUAL HIGHLIGHTS
Carbon and Certain Alloy Steel Wire Rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, United Arab Emirates, and the United Kingdom
Investigation Nos. 701-TA-573-574 and 731-TA-1349-1358 (Preliminary)
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 of the above-noted physical characteristics but 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. All products meeting the physical description of subject merchandise that are not specifically excluded are included in this scope. Steel wire rod is sold primarily to wire drawers for subsequent drawing and finishing into steel wire.
Status of Proceedings:
1. Type of investigations: Preliminary antidumping and countervailing duty.
2. Petitioners: Charter Steel, Saukville, WI; Gerdau Ameristeel US Inc., Tampa, FL; Keystone Consolidated Industries, Inc., Peoria, IL; and Nucor Corporation, Charlotte, NC.
3. Preliminary investigations instituted by the USITC: March 28, 2017.
4. Commission’s conference: April 18, 2017.
5. USITC vote: May 11, 2017.
6. USITC determinations to the U.S. Department of Commerce: May 12, 2017.
7. USITC views to the U.S. Department of Commerce: May 19, 2017.
U.S. Industry:
1. Number of producers in 2016: Nine.
2. Location of producers’ plants: Arizona, California, Colorado, Connecticut, Florida, Illinois, Nebraska, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, Texas, Wisconsin.
3. Employment of production and related workers in 2016: 2,222.
4. Apparent U.S. consumption in 2016: 5.3 million short tons.
5. Ratio of the value of total U.S. imports to total U.S. consumption in 2016: 35.5 percent.
U.S. Imports:
1. From the subject countries during 2016: $303.4 million.
2. From other countries during 2016: $381.7 million.
3. Leading sources during 2016: Canada, Japan, Ukraine, Brazil and Russia (in terms of quantity).