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1. US sets preliminary anti dumping duties on steel rebar from Mexico and Turkey

Source: www.steelguru.com - Wednesday, 23 Apr 2014

Reuters reported that the US Commerce Department set preliminary duties on millions of dollars worth of imports of steel rebar from Mexico and Turkey after a complaint by US producers about price undercutting by foreign competitors.

The department set dumping duties of up to 66.7% on imports from Mexico and duties of up to 2.6% on Turkish imports after American producers alleged companies from the two countries were selling steel rebar, which is used to reinforce concrete, at unfairly low prices. A final decision is due on July 2.

The US International Trade Commission and the Commerce Department launched investigations after a petition was filed last year by Nucor Corporation, Commercial Metals Company and other manufacturers. The trade commission found there was reasonable indication the imports are harming local firms.

Mr John Ferriola CEO of Nucor said that “Imports from Mexico and Turkey had doubled since 2010 and were having a devastating impact on the industry”.

Commerce said that in 2013 imports of steel concrete reinforcing bar from Mexico were valued at an estimated USD 182.1 million and from Turkey at USD 381.3 million. The manufacturers accuse Mexican and Turkish competitors of unfairly undercutting US prices to grab sales and market share, a trade strategy known as dumping.

US manufacturers also claimed rebar imports from Turkey were subsidized by the Turkish government, but Commerce ruled in February that this was not the case.

Monday's preliminary ruling set duties of 66.7% on goods from Mexico's Grupo Acerero SA de CV while Grupo Simec received a preliminary dumping margin of 10.66%. All other producers and exporters in Mexico received a preliminary dumping margin of 20.59%.

Turkish goods will

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