U.S. Trade Commission Votes Duties on Rebar Imports

[Omaha Steve]

Source: USW News

(Washington, DC) — In a significant victory for American workers and producers of steel concrete reinforcing bar -- the U.S. International Trade Commission (ITC) today found that the rebar industry was materially injured by unfairly traded imports from Mexico and Turkey. All six commissioners voted in the affirmative.

Leo W. Gerard, president of the United Steelworkers (USW), said: “Increased volumes of unfairly traded Turkish and Mexican rebar have taken a devastating toll on the domestic industry, its workers, and their families. These duty orders on imports will help stop the flooding of our market, taking our sales, and killing our jobs.”

The USW president testified last month before the ITC to say that the U.S. rebar industry is critical to American workers where there are lost jobs and reduced hours at rebar facilities in Oklahoma, New Jersey, and Texas.

As a result of the ITC’s affirmative injury determination, the Department of Commerce will now impose antidumping (AD) and countervailing duty (CVD) orders against Mexican and Turkish producers of rebar. AD margins on Mexican imports range from 20.58 percent to 66.70 percent, while the CVD margin on Turkish imports is 1.25 percent.

FULL story at link.






Read more: http://www.usw.org/news/media-center/releases/2014/u-s-trade-commission-votes-duties-on-rebar-imports

[silvershadow]

1. Yes! nt

[MannyGoldstein]

2. Rebar is amazing stuff

We take it for granted, but building big stuff with concrete won't work without it.

Hmmm... Did I actually think and write that? Pathetic. Clearly, I need to get to bed.

In any case, I'm glad that American workers won for once. Although they might just be lulling us into complacency so we'll swallow the TPP.

[littlemissmartypants]

3. Who are you and what have you done with

DUer MannyGoldstein?













You do excellent work. Just keep telling yourself that.



Love Ya!
lmsp

[littlemissmartypants]

4. This is really excellent news.

I am a little surprised this post isn't getting more attention. The ramifications of this are broad. Thanks for the post, OS. Another winner!

~lmsp

[valerief]

5. Trade changes IN FAVOR OF American workers? My head is spinning!!!! nt