UPDATE 2-In 'shocking' move, U.S. drops Turkish steel rebar duties

martes 9 de septiembre de 2014 18:56 GYT
 

(Adds comment by U.S. producers' and Deacero company, background)

NEW YORK, Sept 9 (Reuters) - The U.S. Commerce Department on Tuesday dropped a preliminary decision to impose anti-dumping duties on steel rebar imports from Turkey in a ruling U.S. rebar producers described as "shocking" because they believed they had a strong case.

At the same time, the Commerce Department confirmed duties on Mexican material of up to 66.7 percent, a move at least one Mexican producer said would severely hurt that country's rebar industry.

The ruling on Turkey reverses a preliminary decision in April that would have imposed duties of up to 2.6 percent on the country's imports of rebar, which is used to reinforce concrete.

"We are shocked that the Commerce Department failed to find dumping against Turkish rebar companies," the Rebar Trade Action Coalition, a group comprised of five U.S.-based producers, said in an emailed statement.

The group is made up of Nucor Corp, Byer Steel, Cascade Steel, Commercial Metals Co and Gerdau Long Products North America.

The group sued last year accusing the two countries of selling rebar at unfairly low prices, essentially undercutting U.S. prices to grab sales and market share.

"We also were surprised that the subsidy findings on Turkish producers were not found to be at higher levels," the group said.   Continuación...