Steel Institute Applauds Rebar Imports Decision
10/16/2014 - The American Iron and Steel Institute (AISI) issued the following statement on behalf of its U.S. producer members regarding the affirmative determination by the International Trade Commission (ITC) on rebar imports:
“We are pleased that the ITC has recognized that the surge in rebar imports has caused damage to the American steel industry and our workers,” said Thomas J. Gibson, AISI president and CEO. “While we remain disappointed and surprised that the Department of Commerce last month did not provide for full relief against unfairly traded Turkish rebar imports, we are encouraged that [the] vote now clears the way for import duties.”
Gibson noted that on 9 September 2014 the Department of Commerce dropped a preliminary decision to impose antidumping duties on steel rebar imports from Turkey, while maintaining countervailing duties on certain Turkish rebar imports. Antidumping duties were also imposed on Mexican rebar imports.
ITC commissioners vote was unanimously in favor of the complaint brought by Nucor Corp., Byer Steel, Cascade Steel, Commercial Metals Co. and Gerdau Long Products North America.
Gibson noted that on 9 September 2014 the Department of Commerce dropped a preliminary decision to impose antidumping duties on steel rebar imports from Turkey, while maintaining countervailing duties on certain Turkish rebar imports. Antidumping duties were also imposed on Mexican rebar imports.
ITC commissioners vote was unanimously in favor of the complaint brought by Nucor Corp., Byer Steel, Cascade Steel, Commercial Metals Co. and Gerdau Long Products North America.
