THE US Commerce Department has set preliminary duties on imports of steel rebar from Mexico and Turkey after US producers filed a complaint about alleged dumping.
The department set dumping duties of up to 66.7 per cent on imports from Mexico and duties of up to 2.6 per cent on Turkish imports.
This comes as American producers said companies from the two countries were selling steel rebar at unfairly low prices. A final decision is due on July 2, reported Reuters.
Nucor chief executive John Ferriola told US lawmakers in March that imports from Mexico and Turkey had doubled since 2010 and were having a "devastating" impact on the industry.
The preliminary ruling set duties of 66.7 per cent on goods from Mexico's Grupo Acerero, while Grupo Simec received a preliminary dumping margin of 10.66 per cent. All other producers and exporters in Mexico received a preliminary dumping margin of 20.59 per cent.
Turkish goods will face a duty of 2.64 per cent, except for those from Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi, which was excused.
Duties will apply on goods from Grupo Simec and Turkey's Icdas Celik Enerji Tersane ve Ulasim Sanayi from next week. Duties on other imports will be backdated 90 days, to start in late January.
WORLD SHIPPING
04 May 2014 - 22:51
Preliminary dumping duties set by US on rebar from Mexico, Turkey
Turkish goods will face a duty of 2.64 per cent, except for those from Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi, which was excused.
WORLD SHIPPING
04 May 2014 - 22:51
Preliminary dumping duties set by US on rebar from Mexico, Turkey
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