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US initiates a new Anti Dumping investigation into Wire Rod from UAE

US initiates a new Anti Dumping investigation into Wire Rod from UAE

Armouti Advocates- April 2, 2017

 

Washington, D.C. On March 27, 2017, Gerdau Ameristeel US Inc., Nucor Corporation, Keystone Consolidated Industries, Inc., and Charter Steel (“Petitioners”) filed a petition with the U.S. International Trade Commission and U.S. Department of Commerce seeking antidumping duty and countervailing duty investigations of Carbon and Alloy Steel Wire Rod from the United Arab Emirates, Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, & United Kingdom.

 

The major UAE exporter of Wire Rod products subjected to the investigations by USITC is Emirates Steel Industries.

 

These investigations involve two separate parts: a calculation by the U.S. Department of Commerce of the margin of dumping or subsidies of individual exporters of Carbon and Alloy.

 

The U.S. International Trade Commission has initiated its investigation into injury and it will have 45 days to make its preliminary injury determination – that is, until May 19, 2017. Importers, producers, and exporters can participate in the U.S. International Trade Commission’s evaluation of whether Carbon and Alloy Steel Wire Rod from UAE and other subjected countries are injuring the U.S. domestic silicon-metal industry by filling out and sending in a questionnaire response about production, importation, and sales of Silicon Metal. Questionnaires have been issued, and are due April 11, 2017. Importers, producers, and exporters may also mount a defense, challenging the allegation that imports are injuring the U.S. industry. The preliminary hearing at the ITC is currently scheduled for April 18, 2017, in Washington, D.C.

 

The U.S. Department of Commerce will evaluate the petitions to determine whether they contain allegations and evidence that is reasonably available to the Petitioners indicating that Carbon and Alloy Steel Wire Rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, United Arab Emirates, & United Kingdom are dumped and whether these products are subsidized by the governments of Italy and Turkey. If the Department of Commerce determines that the petition is sufficient, it will initiate its investigations into subsidies in 20 days -- that is, by April 17, 2017.

 

Retroactive Duties may be required by U.S. Customs if there is an allegation of critical circumstances. If so, entries may also be subject to the assessment of retroactive duties on entries during certain time periods if dumping and subsidies are determined to exist. These time periods are, for CVD duties, imports arriving after March 27, 2017 (the date on which the petition was filed), but before the date of the CVD preliminary determination (approximately June 1, 2017); and for AD duties, imports arriving after June 6, 2017, but before the date of the AD preliminary determination (approximately September 4, 2017). This means importers may be required to pay cash deposits on merchandise currently on the water or expected to be shipped soon. We have developed effective strategies to reduce potential liability for such shipments.

 

To view the petition filed against UAE exports please CLICK Here.

 

For further information, please contact Baha'a Armouti at b.armouti@armouti.com or at +962 6 4620603. 

 

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