US Lifts Import Duties on Ukrainian PC Wire

Stranded Wire
Stranded WireImage Source: PC Wire

Synopsis

The U.S. Department of Commerce has revoked import tariffs on stranded wire from Ukraine after an administrative review. Previously set at 19.3%, the dumping margin is now at zero. However, seven other anti-dumping measures on Ukrainian imports remain effective, covering various steel products. The decision follows review procedures initiated by the U.S. International Trade Commission for certain steel imports due to expiration.

Article

In a recent decision, the U.S. Department of Commerce, following an administrative review, nullified import tariffs on stranded wire originating from Ukraine, which had previously stood at 19.3%. Ukrainian media, referring to the Economy Ministry's Department of Foreign Economic Activity and Trade Protection, highlighted the revocation made on November 16, 2023.

While this move sets the dumping margin for Ukrainian stranded wire imports to zero, it's crucial to note that seven other anti-dumping measures persist on diverse Ukrainian goods. These include ferrosilicomanganese, fittings, hot-rolled flat products, steel pipes, wire rods, and seamless pipes.

Moreover, the United States International Trade Commission (USITC) initiated review procedures on ferrosilicomanganese and carbon and alloy steel products from Ukraine, as their previous anti-dumping measures approached expiration on November 1, 2023.

This decision arrives subsequent to an earlier investigation by the USITC into steel wire imports from multiple countries, finding adverse impacts on U.S. manufacturers. Consequently, anti-dumping duties were imposed on specific countries, including Ukraine. Previously, preliminary duties of 19.32% were imposed on imports from Ukrainian suppliers, notably PJSC "Stalkanat-Silur," renowned for steel and nylon rope manufacturing.

Conclusion

While the U.S. has lifted duties on Ukrainian stranded wire, the broader landscape indicates ongoing vigilance and measures concerning various steel imports, highlighting the intricate dynamics and regulatory nuances in international trade.

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