27 Nov 2023 15:13

United States abolishes import duties on stranded wire from Ukraine

MOSCOW. Nov 27 (Interfax) - The U.S. Department of Commerce, based on an administrative review of anti-dumping measures on the import of stranded wire originating from Ukraine into the American market, has canceled restrictive customs duties.

As Ukrainian media reported, citing the Department of Foreign Economic Activity and Trade Protection of Ukraine's Economy Ministry, the decision to lift U.S. restrictive measures was made on November 16, 2023.

The dumping margin for the import of stranded wire from Ukraine is now set at zero; previously it was 19.3% and had been in effect since 2021.

The Economy Ministry also reports that there are currently seven anti-dumping measures in force on imports from Ukraine goods such as ferrosilicomanganese, fittings, hot-rolled flat products in coils, carbon hot-rolled products not in coils, steel pipes, carbon and alloy steel wire rods, and seamless pipes.

At the same time, on November 1, 2023, the United States International Trade Commission (USITC) started review procedures on anti-dumping measures for the import of Ukrainian-origin ferrosilicomanganese, as well as fittings and rods made of carbon and alloy steel due to their expiration.

As reported, the USITC, following an investigation into the supply of steel wire to the American market for the reinforcement of reinforced concrete structures from Ukraine, Indonesia, Italy, Malaysia, South Africa, Spain and Tunisia in May 2021, concluded that shipments from these countries harm American manufacturers of similar products.

Therefore, a decree was issued imposing anti-dumping duties on imports of this product from Indonesia, Italy, Malaysia, South Africa, Spain, Tunisia and Ukraine. Meanwhile, the U.S. had previously introduced preliminary duties of 19.32% on imports of this product from Ukraine's PJSC Stalkanat-Silur and other Ukrainian suppliers.

PJSC "Stalkanat-Silur" produces steel and nylon rope and hardware products.