Posted on 24 Jul 2023
On July 19, 2023, the US International Trade Commission (USITC) determined that revoking the existing anti-dumping (AD) duty orders on carbon and alloy steel wire rod from Belarus, Italy, Russia, South Africa, South Korea, Spain, Turkey, Ukraine, the UAE, and the UK and the existing countervailing duty (CVD) orders on the same products from Italy and Turkey would be likely to lead to the continuation or recurrence of material injury within a reasonably foreseeable time.
As a result, the existing measures on carbon and alloy steel wire rod from the above-mentioned countries will remain in place.
If the current duties are withdrawn, the dumping margin will happen again at up to 280.02% for Belarus, 18.89% for Italy, 41.10% for South Korea, 756.93% for Russia, 142.26% for South Africa, 32.64% for Spain, 4.44% for Turkey, 44.03% for Ukraine, 84.10% for the UAE, and 147.63% for the UK.
Besides, the potentially reoccurred subsidy rate for Italy is up to 44.18% and up to 6.09% for Turkey.
Source:Yieh
