Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Imports of prestressed concrete steel wire (PC strand) from Argentina, Colombia, Egypt, Netherlands, Saudi Arabia, Taiwan, Turkey, and the UAE received a preliminary AD determination by the US Department of Commerce on September 24. 


Commerce will announce a final determination around December 8, 2020. An affirmative determination will move the case to the US International Trade Commission (ITC) to make a final determination around January 21, 2021.


The top three exporters of PC strand to the US in 2019 included in the determination were Turkey at $13.1mn followed by Colombia at $9.6mn and trailing a distant third Taiwan at $3mn. Of the total imports from the countries covered, Turkey exported 39pc, Colombia 29pc, and Taiwan 9pc. Commerce established an AD margin for PC in the US for Turkey at 53.65pc, Colombia at 86.09pc, and Taiwan at 23.89pc. 


The other countries that exported less than $3mn individually and $7.95mn cumulatively received separate AD margins. Argentina;s AD margin was determined at 60.40pc; Egypt at 29.72pc; Netherlands at 30.86pc; Saudi Arabia at 194.40pc; and UAE at 170.65.


Petitions for investigation were filed by Insteel Wire Products, Sumiden Wire Products, and Wire Mesh Co.


Commerce also has an ongoing AD investigation for PC strand on seven other countries including Ukraine. A CVD investigation of PC strand from Turkey is also ongoing. 

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