NEW YORK The trade complaint filed by U.S. rebar producers against imports from Turkey is "nothing but a loss of time and resources," according to the Turkish Steel Exporters Association, which denied claims that the countrys producers are dumping steel in the United States or are subsidized by the Turkish government.
"Our sale prices are not below our production costs," the association said in an Oct. 28 e-mail to AMM. "Turkey is neither engaged in unfair trade nor causing injury to or threatening American producers."
U.S. producers filed a trade case against Turkish and Mexican rebar producers in September, alleging that producers in both countries were selling material below market value and that Turkish producers were subsidized by the countrys government (amm.com, Sept. 4).
"The (trade case) has no valid grounds," the Turkish trade group said. "Our producers produce at high-technology plants, with high quality and minimum costs, and the profit margins are kept at a reasonable level."
The association claims that U.S. rebar producers are seeking to take advantage of the market and boost their profits, citing a $10-per-ton increase in rebar prices that has taken hold over the past few weeks (amm.com, Oct. 25).
"American consumers will experience a loss by paying higher prices which shall be larger than the loss to be experienced by the exporters, importers, forwarders and harbor operators here," the association said. "The complainants, although they know that there is no dumping, cause unrest among the exporters and importers and prevent international trade, and this way they aim to raise their profit margins. ... We, as the steel industry and the country, trust American justice."
The Commerce Department imposed anti-dumping margins on Turkish rebar imports in 1997 that were upheld until early 2009.
The International Trade Commission (ITC) is scheduled to make a preliminary determination by Nov. 6 on whether the U.S. rebar industry has been injured by imports from Turkey and Mexico. If the ITC determines U.S. producers are being harmed, the Commerce Department will launch its investigation to assess dumping margins.