The US Department of Commerce proceeded with final affirmative determinations in the antidumping duty (AD) investigations of prestressed steel wire strand (PC strand) from eight countries. Commerce determined that exporters Turkey, Argentina, Colombia, Egypt, the Netherlands, Saudi Arabia, Taiwan, and the UAE had sold PC strand at less-than-fair-value to the US.
As a result of the investigation, Commerce levied AD of 53.65pc on Turkey, 60.4pc on Argentina, 86.09pc on Colombia, 29.72pc on Egypt, 30.86pc on the Netherlands, 194.4pc on Saudi Arabia, 23.9pc on Taiwan, and 170.65pc on the UAE.
In 2019, Egypt’s imports of PC to the US led with $345.9mn followed by Turkey with $13.1mn, and Colombia with $9.6mn. The remaining countries imported substantially less value of PC strand at $1.3-3mn mt each in 2019.
Turkey was also slapped with countervailing duty (CVD) for the material after an investigation determined that the country had received subsidies on PC strand. Commerce determined a CVD rate ranging from 30.8-158.4pc for Turkey.
The US International Trade Commission (ITC) is expected to announce a final injury determination by January 21, 2021. Commerce is also conducting AD investigations of PC strand from Indonesia, Italy, Malaysia, South Africa, Spain, Tunisia, and Ukraine with announcements expected by April 6, 2021.