NEW YORK Nucor Corp. believes preliminary anti-dumping margins on Turkish rebar producers should have been higher, its top executive said.
"I got to tell youIll go on the record in saying itwe believe the department should have made decisions based on the evidence given in the record that would have produced higher margins for Turkey," John J. Ferriola, chairman, president and chief executive officer of the Charlotte, N.C.-based steelmaker, said during an earnings conference call April 24.
The U.S. Commerce Departments International Trade Administration (ITA) in its preliminary decision assessed no duties on Turkish rebar producer Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi AS, while Icdas Celik Enerji ve Ulasim Sanayi AS and all other Turkish producers received a 2.64-percent margin (amm.com, April 21). Mexican producers were assessed relatively higher margins, and some Turkish and Mexican producers were found to have surged material into the domestic market following the cases filing.
"Were pleased with some parts of the ruling, were disappointed with others," Ferriola said, adding later during the call that imports have had a "devastating effect" on domestic rebar pricing.