The US Department of Commerce has imposed countervailing duties (CVD) on prestressed concrete steel wire strand (PC strand) from Turkey after the International Trade Commission (ITC) affirmed the agency’s investigation into the matter.
In a notice issued on Jan 29, Commerce indicated that its investigation had revealed that Turkish suppliers had received countervailing subsidies on PC strand shipped to the US. The ITC affirmed that these subsidies had caused material injuries to the domestic industry for the product.
As a result, Celik Halat ve Tel San is charged with a CVD of 158.44pc, Guney Celik Hasir ve Demir will pay CVD of 30.78pc and all other Turkish exporters of the material will pay a duty of 94.61pc. The duties are applicable on unliquidated PC strand from Turkey that was entered or withdrawn for consumption on or after September 21, 2020, according to the notice. The order came into effect on Wednesday.