U.S. OKs Tariffs on Imported Rebar
In a decision announced Friday, the trade commission upheld a preliminary finding that U.S. producers have been harmed by dumped rebar from Japan and Turkey. All five commissioners voted in the affirmative.
With the ruling, the U.S. will impose anti-dumping duties of between 5.4% and 8.2% on Turkish-made rebar and between 206.4% to 209.5% on Japanese products. The U.S. also will impose anti-subsidy duties of 16.2% on Turkish producers.
The trade case arose on a September 2016 complaint from the Rebar Trade Action Coalition, whose members include Byer Steel Group Inc., Commercial Metals Company, Gerdau’s U.S. division, Nucor Corp., and Steel Dynamics Inc.
“This decision confirms that the U.S. steel industry and its workers have been devastated by unfairly traded rebar imports from Japan and Turkey,” said coalition attorney Alan Price, chairman of the international trade practice at law firm Wiley Rein.
“With today’s decision, the Commission is stating that foreign countries and producers that do not abide by the rules of international trade will be held accountable,” Price said.
Taiwan also is named in the case, but final decision is pending.