US Commerce Deciphers Turkish Rebar Imports

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Synopsis

The U.S. Department of Commerce reveals findings from an administrative review on steel concrete reinforcing bar imports, indicating certain exporters sold below normal values from July 1, 2021, to June 30, 2022. Alterations to margin calculations for Kaptan were made post a review of comments. The final results present varied weighted-average dumping margins for different producers/exporters.

Article

The recent pronouncement by the U.S. Department of Commerce (Commerce) sheds light on an administrative review encompassing steel concrete reinforcing bar imports. The investigation revealed that specific producers/exporters engaged in selling subject merchandise at values lower than the norm within the review period spanning from July 1, 2021, to June 30, 2022.

Following the publication of the Preliminary Results on August 1, 2023, detailed in the Federal Register, Commerce extended the deadline for final results to December 21, 2023, providing a comprehensive account of events leading up to the conclusive decision.

The review process, conducted under section 751 of the Tariff Act of 1930, encountered alterations and considerations outlined in the Issues and Decision Memorandum, addressing changes observed post the Preliminary Results.

The scope of the Order, concerning steel concrete reinforcing bar imports, remains inclusive of varied forms, regardless of metallurgy, length, diameter, or grade.

Modifications to margin calculations were necessitated post a thorough record review and feedback from stakeholders concerning the Preliminary Results, notably affecting the margin calculations for Kaptan Demir Celik Endustrisi Ve Ticaret A.S./Kaptan Metal Dis Ticaret Ve Nakliyat A.S.

The Final Results of this review portray distinct estimated weighted-average dumping margins for the period under scrutiny. Specifically, Colakoglu Metalurji A.S./Colakoglu Dis Ticaret A.S. reflect a 0.00% margin, while Kaptan registers a margin of 25.86%. Companies not individually reviewed share a common margin of 25.86%.

Conclusion

The U.S. Department of Commerce's review on steel concrete reinforcing bar imports reveals that certain producers/exporters sold at prices lower than the standard values from July 2021 to June 2022. This review led to changes in margin calculations for specific entities, resulting in varied estimated weighted-average dumping margins among producers/exporters.

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