US industry injured by PC strand imports, ITC says in final determination

Manufacturers in the United States have been materially injured by imports of pre-stressed concrete (PC) steel wire strand from Argentina, Colombia, Egypt, the Netherlands, Saudi Arabia, Taiwan, Turkey and the United Arab Emirates (UAE), the US International Trade Commission (ITC) has determined.

The imported products have been sold in the US at less than fair value, the ITC said in a final determination issued on Friday January 8, also noting subsidization by the government of Turkey.

As a result, the US Commerce Department will issue anti-dumping duty orders on imports of PC strand from Argentina, Colombia, Egypt, the Netherlands, Saudi Arabia, Taiwan, Turkey and the UAE; and countervailing duty orders on imports of the product from Turkey.

The ITC also made negative findings concerning critical circumstances on PC strand from Colombia, Egypt, the Netherlands and Turkey sold in the US, and thus these imports will not be subject to retroactive anti-dumping duties.

Dumping margins had been set on December 8 at the following rates:

  • Argentina, 60.4%
  • Colombia, 86.09%
  • Egypt, 29.72%
  • The Netherlands, 30.86%
  • Saudi Arabia, 194.4%
  • Taiwan, 23.89%
  • Turkey, 53.65%
  • UAE, 170.65%

Commerce also announced on December 8 that Turkish exporters received countervailable subsidies at rates ranging from 30.78-158.44%.

In 2019, the value of PC strand imported from these sources was estimated at:

  • Argentina, $2.3 million
  • Colombia, $9.57 million
  • Egypt, $345,888
  • The Netherlands, $1.62 million
  • Saudi Arabia, $1.38 million
  • Taiwan, $2.98 million
  • Turkey, $13.08 million
  • UAE, $2.27 million

Commerce initiated the anti-dumping and countervailing duty investigations into imports of PC strand in May of last year, following petitions by Insteel Wire Products Co, Sumiden Wire Products Corp and Wire Mesh Corp.

Commerce is conducting concurrent anti-dumping investigations of PC strand from Indonesia, Italy, Malaysia, South Africa, Spain, Tunisia and Ukraine. The final determinations for these investigations are scheduled to be announced on April 6, 2021.

What to read next
Fastmarkets is inviting feedback from the industry on the pricing methodologies for its steel hot-rolled coil index domestic, exw Northern Europe, €/tonne (MB-STE-0028) and steel hot-rolled coil index, fob mill US Midwest, $/cwt (MB-STE-0184) as part of its annual methodology review process.
The publication of Fastmarkets’ weekly assessments for steel scrap auto bundle scrap domestic, delivered Turkey and steel scrap melting scrap from shipbreaking domestic, delivered Turkey for Monday March 25 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ US and Brazil pig iron price assessments for Friday Feb 23 were delayed because of an administrative error.
Fastmarkets has amended the formula for its MB-AL-0231 — aluminum P1020A all-in price, delivered Midwest US, US cents/lb to include the London Metal Exchange official cash AM bid aluminium price effective immediately.
Fastmarkets proposes to amend the publishing frequency of its northern and southern steel beams and hollow sections prices from weekly to monthly, to better reflect current levels of market liquidity.
What’s the market sentiment for December? Read on for a summary of the results of our US ferrous scrap market survey for December, or click here to download your copy of the full US Scrap Trends Outlook for December 2023. The US ferrous scrap market is hotting up in winter months Significantly depressed scrap flows […]