US rebar industry welcomes continuation of trade remedies against Mexico and Turkey
Posted on 18 September 2020
The US International Trade Commission (ITC) found today that revocation of the countervailing duty order against Turkey and the anti-dumping order against Mexico would be likely to lead to continuation or recurrence of material injury to the domestic rebar industry within a reasonably foreseeable time. All five Commissioners voted in favour of the domestic industry. As a result, these orders will be continued for at least an additional five years.
The Commerce Department previously determined that should the orders be revoked, Turkish producers would resume relying on subsidies of up to 4.02%, and Mexican producers would return to dumping rebar in the US market at rates of up to 66.70%.
“We welcome the final decision and commend the ITC and the Commerce Department for their hard work in these cases and for vigorously enforcing US trade laws,” said Alan Price, chair of Wiley’s International Trade Practice and counsel to the Rebar Trade Action Coalition. “The ITC’s finding is critical to ensuring fair trade in the U.S. steel market and providing ongoing relief to US producers and their workers.”Source : Steel Times International