U.S. says steel rebar imports being dumped in U.S. market

Kyoei Steel

01/03/2017 19:32

WASHINGTON, March 1 (Reuters) - The U.S. Commerce Department 
on Wednesday said imports of steel concrete reinforcing bar from 
Japan, Taiwan and Turkey were being dumped in the U.S. market at 
below fair value. 
    As part of its decision, it assigned preliminary dumping 
margins of 209.46 percent for Japanese exporters, including 
Jonan Steel Corp and Kyoei Steel Ltd  5440.T . It assigned 
margins ranging up to 29.47 percent for Taiwanese exporters and 
up to 7.07 percent for Turkish producers.  
    The preliminary determination follows a petition for an 
investigation by a U.S. rebar trade coalition and its members: 
Commercial Metals Co  CMC.N , Gerdau SA's  GGBR4.SA  Gerdau 
Ameristeel U.S. Inc, Nucor Corp  NUE.N  and Steel Dynamics Inc 
 STLD.O .  
    Steel concrete reinforcing bar, or rebar, is used in 
construction to help strengthen structures and lessen the impact 
from stressors such as tension and temperature. 
    Imports of rebar in 2015 were valued at an estimated $108.69 
million from Japan, $17.57 million from Taiwan and $674.40 
million from Turkey, according to the department. 
 
 (Reporting by Susan Heavey and Tim Ahmann; Editing by Doina 
Chiacu) 
 ((202-898-8300; Reuters Messaging: 
susan.heavey.thomsonreuters.com@reuters.net)) 
 
Keywords: USA STEEL/REBAR