American steel company Gerdau Long Steel North America, Nucor, Keystone Consolidated Industries and Charter Steel asked the authorities to start anti-dumping investigation against imports of wire rod carbon and alloy steel from ten countries: Belarus, great Britain, Italy, Spain, UAE, Russia, Turkey, Ukraine, South Africa and South Korea. In addition, in respect of steel products from Turkey and Italy in addition to anti-dumping is proposed to impose countervailing duties, according to Platts.
According to the applicant company for 2014-2016 imports of wire rod increased by more than 56%, while the average price fell by 32%. The size of the dumping margin, counted American steelmakers, for the Russian Federation is 216,5-821,4%, for Belarus –179,07-304,94%, South Africa – 159,35-164,08%, for UK – 88,25%.
For 20 days the Department of Commerce must determine whether to begin anti-dumping and countervailing investigations. The whole process prior to the imposition of duties will take about a year. Under investigation will be hot rolled wire rods like carbon and alloy steel, with circular cross-section less than 19 mm, in coils.