U.S. panel allows import probe of steel rebar from Mexico, Turkey


WASHINGTON, Nov 1 (Reuters) - A U.S. trade panel on Fridaycleared the way for the Commerce Department to continue aninvestigation that could lead to duties on steel rebar importsfrom Mexico and Turkey.

American producers allege companies from the two countriesare selling steel rebar, which is used to reinforce concrete, atunfairly low prices.

A majority of the commissioners at the U.S. InternationalTrade Commission voted there was a "reasonable indication" thatU.S. manufacturers were injured by imports from the twocountries. That allowed the probe to proceed.

The ITC and the Commerce Department launched investigationsafter a petition was filed last month by Nucor Corp,Commercial Metals Co and other manufacturers.

The manufacturers accuse Mexican and Turkish competitors ofunfairly undercutting U.S. prices to grab sales and marketshare, a trade strategy known as "dumping." They also allegerebar imports from Turkey are subsidized by the Turkishgovernment.

The ITC's determination allows the Commerce Department tocontinue its own probe into whether the foreign companies soldtheir goods at unfairly low prices.

The Commerce Department will make a preliminary decision inFebruary on duties to counter the alleged dumping from the twocountries. The department is due to make a preliminary decisionon duties to counter the alleged Turkish subsidies next month.

View Comments (0)