Steel Products
Commerce Puts Duties on Wire Rod Imports
Written by Sandy Williams
December 7, 2017
The Department of Commerce issued an affirmative final determination in the antidumping investigation of carbon and alloy steel wire rod imports from Belarus, the Russian Federation and the United Arab Emirates.
The following dumping margins were assigned:
Belarus: 280.02 percent
Russia: 756.93 percent for Abinsk Electric Steel Works Ltd. and JSC NLMK-Ural, and 436.8 percent for all others.
UAE: 84.1 percent for Emirates Steel Industries PJSC and all others.
Critical circumstances were found in the case of Russia, which will result in the collection of duties by Customs and Borders Patrol effective 90 days from publication of the preliminary determinations in the Federal Register.
The petitioners in the investigation were Gerdau Ameristeel U.S., Inc., Nucor Corp., Keystone Consolidated Industries and Charter Steel.
{loadposition reserved_message}
The ITC final vote on injury to the domestic industry is scheduled for Jan. 5.
The antidumping duties were opposed by the U.S. Tire Manufacturers Association, which argues domestic steel wire rod suppliers cannot meet the volume and quality needs of the U.S. tire manufacturing industry.
The investigation is part of larger one initiated against 10 countries on April 18, 2017: Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom. Commerce has extended its investigation of steel wire rod imports from South Africa and Ukraine until at least Jan. 8. Determinations on the remaining five countries are scheduled for March 15.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Active rig counts stable in US and Canada
US drill rig activity saw a slight increase from last week but continues to hover near multi-year lows. In Canada, rig counts dipped last week but near one of the highest levels recorded in the past seven months.
Nucor (officially) holds plate prices steady again
Nucor said it would keep plate prices unchanged in a letter to customers on Wednesday. The Charlotte, N.C.-based steelmaker in addition said it was opening its November order book for plate. The company did not specify what its plate price was. It has officially kept prices flat since cutting them by $125 per short ton (st) on July 1.
Worthington Enterprises taps Hayek as president, CEO
Worthington Enterprises has named Joseph Hayek as the company’s next president and CEO, effective Nov. 1. He will replace Andy Rose, who is retiring.
AISI: Steel shipments rose month over month in August
Domestic steel shipments increased month over month but slipped on year in August.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.