The US has imposed antidumping duties (AD) on reinforcing bars exported by Power Steel Company from Taiwan.
The US Department of Commerce indicated in a notice announcing the final AD results on Oct 7 that rebars shipped by Power Steel to the US from March 7, 2017, to September 30, 2018, were sold at less than fair value.
As a result, Commerce has determined a weighted average dumping margin of 3.27pc on rebars exported by Power Steel during the period under review. The agency has asked the Customs and Border Protection (CBP) to assess and implement these duties on all the material from Power Steel that entered the country in the 2017-18 period.
Commerce had published the preliminary results of its investigation into these sales in December 2019 after which, it received a request from Power Steel to conduct a hearing on the duties. However, the agency noted that the Taiwanese company was not available for the hearing scheduled on Feb 27 this year, after which it extended the deadline for the final results to April.
This deadline was further extended due to the COVID-19 related lockdowns across the world during that time, Commerce noted in its announcement.