Source: Jeff Yoders/MetalMiner.
The Department of Commerce placed preliminary countervailing duties on Turkish steel rebar imports today, the trade case is ongoing.
Countervailing duties are placed on products found by Commerce to have been injuriously subsidized by foreign governments importing said products into the U.S. The definition of a countervailable subsidy is financial assistance from foreign governments that benefits the production of goods from foreign companies and is limited to specific enterprises or industries, or is contingent either upon export performance or upon the use of domestic goods over imported goods.
Commerce calculated a preliminary subsidy rate of 3.47% for the mandatory respondent Habaş Sinai ve Tibbi Gazlar Istihsal Endüstrisi A.Ş. (Habas).
There an existing countervailing duty on rebar from the Republic of Turkey (79 Fed. Reg. 65,926 (Dep’t Commerce Nov. 6, 2014). This new countervailing duties investigation on rebar from Turkey covers only rebar produced and/or exported by those companies that are excluded from the 2014 Turkey order.
At the time of the issuance of the 2014 order, Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S. was the only excluded Turkish rebar producer or exporter. Although Commerce has established an “all others rate” in this investigation, there is currently no Turkish rebar producer or exporter that would be subject to it.
Commerce will instruct U.S. Customs and Border Protection to require cash deposits based on the preliminary (3.47%) rate.
The petitioners are the Rebar Trade Action Coalition and its individual members: Byer Steel Group, Inc. of Ohio, Commercial Metals Company of Texas, Gerdau Ameristeel U.S. Inc. of Fla., Nucor Corporation of North Carolina, and Steel Dynamics, Inc. of Indiana.
Commerce is scheduled to announce its final determination on or about May 16, 2017, unless the statutory deadline is extended.