|01 May 2018||Definitive duty|
|28 Aug 2017||Preliminary duty|
|28 Mar 2017||Initiation|
ANNOUNCED AS TEMPORARYNo
On March 28, 2017 a group of firms (Gerdau Ameristeel US Inc., Keystone Consolidated Industries, Inc., Charter Steel and Nucor Corporation) filed petitions seeking the imposition of countervailing duties on carbon and alloy steel wire rod from Italy and Turkey. These goods are classified under HTS items 7213.91.30, 7213.91.45, 7213.99.00, 7227.20.00, and 7227.90.60.
The first step in this investigation was the May 11, 2017 preliminary injury determination by the U.S. International Trade Commission.
On August 28, 2017 the Department of Commerce announced the affirmative preliminary determinations in the countervailing duty investigations of carbon and alloy steel wire rod, finding that exporters of subject merchandise from Italy and Turkey received countervailable subsidies of 1.70 to 44.18 percent and de minimis percent and 2.27 percent, respectively. Commerce also determined that critical circumstances exist in the Turkey investigation for certain exporters, allowing for collection of duties for a retroactive period of 90 days prior to publication of the preliminary determination in the Federal Register.
On March 20, 2018, the Department of Commerce announced its affirmative final determinations in the antidumping duty and countervailing duty investigations. As a result of the affirmative final CVD determinations, if the U.S. International Trade Commission makes affirmative injury determinations, Commerce will instruct CBP to resume collection of countervailing duty cash deposits equal to the applicable subsidy rates.
In the Italy CVD investigation, Commerce has calculated final subsidy rates of 4.16 percent for Ferriere Nord S.p.A. and 44.18 percent for Ferriera Valsider S.p.A. The rate calculated for Ferriera Valsider S.p.A was based on adverse facts available due to its failure to fully cooperate in the investigation. Commerce has determined a rate of 4.16 percent for all other Italian producers and exporters.
In the Turkey CVD investigation, Commerce has calculated final subsidy rates of 3.86 percent for Habas Sinai Ve Tibbi Gazlar Istih and 3.81 percent for Icdas Celik Eberji Tersane Ve Ulasim San. Commerce determined a rate of 3.84 percent for all other Turkish producers and exporters.
On May 1, 2018 the U.S. International Trade Commission determined that a U.S. industry is materially injured by reason of imports of carbon and certain alloy steel wire rod subsidized by the governments of Italy and Turkey. As a result of the USITC’s affirmative determinations, Commerce will issue countervailing duty orders on imports of this product from Italy and Turkey.
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