Business news from Ukraine

Business news from Ukraine

US maintains anti-dumping duties on rebar from Ukraine, Belarus, Indonesia, Latvia, Moldova, Poland and China

13 December , 2024  

The U.S. Department of Commerce (U.S. Department of Commerce) has maintained the existing anti-dumping duties on construction steel rebar from Ukraine, Belarus, Indonesia, Latvia, Moldova, Poland and China.
According to the Ministry of Commerce in the Federal Register on December 13 this year, such conclusions are contained in the findings of the United States International Trade Commission (USITC) dated December 10, 2024, following the fourth five-year review of the duties.
The document emphasizes that the USITC believes that the elimination of duties on rebar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine “is likely to result in continued or recurring material injury to the U.S. industry within a reasonable foreseeable time.”
It is specified that the Commission decided to conduct the review of the duties on November 1, 2023. Hearings on this topic were held on October 3, 2024.
As reported, on November 1, 2023, the U.S. Department of Commerce published information on the initiative of the fourth review of anti-dumping duties on rebar from seven countries.
The amount of the duty on the supply of Ukrainian reinforcing bars (Steel Concrete Reinforcing Bars) to the US market since their introduction (2002) is 41.69%.
It was also reported that in mid-2000, the Rebar Trade Action Coalition (RTAC), an association of American producers of iron bars, and its individual members, Ameri Steel (Tampa, FL), Auburn Steel Co, Inc. (Auburn, NY), Birmingham Steel Corp. (Birmingham, AL), Border Steel, Inc. (El Paso, TX), CMC Steel Group (Seguin, TX), Marion Steel Co. (Marion, OH), Nucor Steel (Darlington, SC) and Riverview Steel (Glassport, PA) – filed a petition with the International Trade Commission to initiate an anti-dumping investigation against imports of these products, in particular from Ukraine.
The Ukrainian respondent in this investigation was Kryvorizhstal, which was later acquired by Mittal Steel, renamed ArcelorMittal.
In mid-2001, the Commission recognized that rebar supplies, in particular from Ukraine, were harming U.S. producers of similar products by supplying them at dumped prices, and in 2002 an anti-dumping duty of 41.69% was imposed.
Under US law, anti-dumping duties are reviewed every five years.
“ArcelorMittal Kryvyi Rih is the largest rolled steel producer in Ukraine. It specializes in long products, including rebar and wire rod.

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