Wire rod case could lift Turkey exports

Feb 25, 2014 | 12:29 PM | Stacy Irish

Tags  wire rod, wire rod imports, Turkey, China, Commerce Department, anti-dumping, countervailing, trade case Stacy Irish

LONDON — Turkey could be the next big exporter of wire rod to the United States if anti-dumping and countervailing duties are imposed on Chinese wire rod shipments in an ongoing trade case, U.S. market sources told AMM.

U.S. market participants have been reluctant to agree to new wire rod purchases from China due to fears of import duties.

The U.S. Commerce Department has initiated dumping and subsidy investigations of imports of carbon and certain alloy steel wire rod from China (amm.com, Feb. 21) after a coalition of domestic producers filed a trade complaint in late January (amm.com, Jan. 31) alleging dumping margins between 99.32 and 110.25 percent and subsidy rates above de minimis levels.....

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