NEW YORK U.S.
producers of steel concrete reinforcing bar filed a
long-anticipated trade complaint Sept. 4 against imports of
Turkish and Mexican rebar.
"The Turkish and
Mexican industries are using unfair pricing practices to
capture market share from the U.S. industry," Alan H. Price,
counsel for the domestic producers, said in a statement
released by the Rebar Trade Action Coalition. "The U.S.
industry and its workers have been injured by the growing
volume of dumped and subsidized rebar imports."
The five petitioners
in the case filed with the Commerce Department and the
International Trade Commission (ITC) are Nucor Corp., Gerdau
Ameristeel U.S. Inc., Commercial Metals Co., Cascade Steel
Rolling Mills Inc. and Byer Steel Corp.
U.S. rebar mills have
discussed filing a trade case on rebar imports for many months
and talk escalated late last week about the possible filing
(amm.com, Sept. 3).
The trade complaint
cited a dramatic increase in import volumes. Rebar shipments
from Turkey and Mexico totaled 841,294 tonnes last year, up
68.4 percent from 499,556 tonnes in 2011 and nearly double the
425,813 tonnes imported in 2010, according to the trade action
coalition, while the value of the imports increased from $232.1
million in 2010 to $345.8 million in 2011 and $565.3 million in
Rebar imports from
Turkey and Mexico accounted for a 17-percent share of the U.S.
market in the first half of this year vs. 7 percent in
"The domestics have a
good chance of winning because the huge increase in Turkish
numbers is overwhelming," said a trader that imports rebar into
the United States. "They have increased dramatically in the
past three years."
which must demonstrate that Turkish and Mexican rebar imports
are injuring the U.S. industry and that the imports are being
sold at less-than-normal value, said in the petition to
Commerce and the ITC that the imports have pulled down market
"The presence in the
United States of a substantially increasing volume of unfairly
traded imports of rebar from Mexico and Turkey has depressed
and suppressed prices for domestic producers of rebar,"
according to the petition. "Subject imports have surged into
the U.S. market, taken market share and have undermined U.S.
producers operations and financial performance."
The domestic producers
allege that Turkish and Mexican producers are dumping their
product in the United States at margins ranging from 42.09 to
The filing could have
an immediate impact on shipments to the United States, sources
said. The trader said he believed import volumes could ease in
the coming months as exporters faced with possible retroactive
duties scale back shipments to the United States.
"If you want to risk
it you can still squeeze in a shipment now," the trader said,
"but I think people will gradually withdraw from the
Department and the ITC are expected to initiate anti-dumping
investigations into rebar from Turkey and Mexico and a subsidy
investigation into Turkish shipments within three weeks. The
ITC is expected to make a preliminary injury determination in
October, while the Commerce Department should make a
preliminary anti-dumping and countervailing duty determination
within six months.