U.S. Producers Materially Injured by Dumped Rebar , Says Trade Commission
11/03/2016 - U.S. producers appear to have been harmed by dumped rebar from Japan, Taiwan and Turkey, the U.S. International Trade Commission said in a preliminary ruling on Thursday.
Additionally, the commission found that producers in Turkey seem to benefiting from unfair government subsidies. All six commissioners voted in the affirmative. As a result, the U.S. Department of Commerce will carry on with its anti-dumping and countervailing duty investigations. It is expected to issue preliminary duties sometime within the next few months.
The case arose on a complaint from the Rebar Trade Action Coalition and its members -- Bayou Steel Group Inc., Byer Steel Group Inc., Commercial Metals Co., Gerdau, Nucor Corp., and Steel Dynamics Inc.
“This ruling confirms the injurious effects that Japanese, Taiwanese and Turkish imports of rebar are having on the U.S. industry,” Alan H. Price, the rebar coalition’s lead counsel and chairman of law firm Wiley Rein’s international trade practice, said in a statement.
“Producers in each of these countries are using unfair pricing practices to steal market share from domestic producers. As a result, the domestic rebar industry has been forced to lower prices and has experienced significant declines in profitability,” he said.
According to the rebar coalition, imports from the three countries more than doubled between 2013 and 2015, rising to 1.9 million tons.
The case arose on a complaint from the Rebar Trade Action Coalition and its members -- Bayou Steel Group Inc., Byer Steel Group Inc., Commercial Metals Co., Gerdau, Nucor Corp., and Steel Dynamics Inc.
“This ruling confirms the injurious effects that Japanese, Taiwanese and Turkish imports of rebar are having on the U.S. industry,” Alan H. Price, the rebar coalition’s lead counsel and chairman of law firm Wiley Rein’s international trade practice, said in a statement.
“Producers in each of these countries are using unfair pricing practices to steal market share from domestic producers. As a result, the domestic rebar industry has been forced to lower prices and has experienced significant declines in profitability,” he said.
According to the rebar coalition, imports from the three countries more than doubled between 2013 and 2015, rising to 1.9 million tons.
