Rebar mills seek retroactive duties vs. Turkey
Dec 05, 2013 | 12:49 PM
| Samuel Frizell
NEW YORK U.S. rebar mills filed allegations of critical circumstances Dec. 4 regarding imports of Turkish rebar, claiming that a recent surge in rebar imports from the country is an attempt to avoid potential U.S. duties and should result in retroactive duties against the product.
If the U.S. Commerce Department makes an affirmative determination, retroactive duties will be placed on all imports of Turkish rebar during the 90-day periods before preliminary countervailing duties and anti-dumping duties are determined, which are expected on Dec. 16 and Feb. 27, respectively.
"The (domestic mills) wanted their window of opportunity to hold off on rebar imports, now theyve got it. No ones going to touch rebar now," one trader said.....
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