Commerce Department starts probe into imports of steel wire rod
Apr. 19, 2017 7:53 AM • SA Editor Carl Surran
The Commerce Department says it is launching investigations into whether imports of carbon and alloy steel wire rod from certain countries are being dumped and/or subsidized.
The investigation affects imports from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey, Ukraine, the UAE and U.K.; the subsidization probe covers imports from Italy and Turkey, the DoC says.
The action follows petitions from Gerdau (NYSE:GGB), Nucor (NYSE:NUE), Keystone Consolidated Industries and Charter Steel; other potentially related tickers include X, AKS, STLD, CMC, MT.