US DOC Finds AD & CVD Subsidization in Imports of PC Strands

US Department of Commerce announced affirmative final determinations in the antidumping duty investigations of prestressed concrete steel wire strand from Argentina, Colombia, Egypt, the Netherlands, Saudi Arabia, Taiwan, Turkey, and the United Arab Emirates, as well as the countervailing duty investigation of PC strand from Turkey. Commerce determined that exporters from the countries listed below have dumped PC strand in the United States at the following rates:

60.40 percent for Argentina

86.09 percent for Colombia

29.72 percent for Egypt

30.86 percent for the Netherlands

194.40 percent for Saudi Arabia

23.89 percent for Taiwan

53.65 percent for Turkey

170.65 percent for the United Arab Emirates

In addition, Commerce determined that exporters from Turkey received countervailable subsidies at rates ranging from 30.78 percent to 158.44 percent.

The 2019, imports of PC strand from the countries under investigation were approximately valued as follows

USD 2.3 million for Argentina

USD 9.6 million for Colombia

USD 345.9 thousand for Egypt

USD 1.6 million for the Netherlands

USD 1.4 million for Saudi Arabia

USD 3.0 million for Taiwan

USD 13.1 million for Turkey

USD 2.3 million for the United Arab Emirates

The petitioners are Insteel Wire Products Company of Mount Airy in North Carolina, Sumiden Wire Products Corporation of Dickson in Tennessee and Wire Mesh Corporation of Houston in Texas.

The U.S. International Trade Commission is currently scheduled to make its final injury determinations on or about January 21, 2021. If the ITC makes affirmative final injury determinations, Commerce will issue AD and CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated, and no orders will be issued.