Countervailing Duty
Countervailing DutyImage Source – Hammad Steel

US Announces Final Results CVD Review on Turkish Rebar

The US Department of Commerce (DOC) has recently unveiled the final results of its administrative review concerning countervailing duties on certain rebar

The US Department of Commerce (DOC) has recently unveiled the final results of its administrative review concerning countervailing duties on certain rebar imported from Turkey. The review focused on the period between January 1, 2020, and December 31, 2020, aiming to assess the subsidy rates and determine fair trade practices.

After careful evaluation, the DOC determined the final subsidy rates for this review. Qolakoglu Dis Ticaret received a de minimis subsidy rate of 0.07 percent, indicating a negligible impact on fair trade. Meanwhile, Kaptan Demir Qelik and ipdas Qelik Enerji Tersane ve Ulasim Sanayi A.Q. were assigned a subsidy rate of 2.15 percent.

It is essential to note that the countervailing duties for the country will be effective from May 26 onwards. This measure aims to ensure a level playing field for domestic manufacturers and protect them from any unfair advantages that may arise from foreign government subsidies.

Related Stories

No stories found.
logo
SteelGuru Business News
www.steelguru.com