FACT SHEET

Antidumping Duty Investigations: Steel Concrete Reinforcing Bars from Belarus, Latvia, Moldova, the People's Republic of China, and the Republic of Korea

On June 15, 2001, the Department of Commerce (the Department) announced the final determinations in the above-referenced investigations.

PETITIONERS:

The petitions were filed on behalf of the Rebar Trade Action Coalition (RTAC), and its individual members, AmeriSteel, Auburn Steel Co., Inc., Birmingham Steel Corp., Border Steel, Inc., Marion Steel Company, Riverview Steel, Nucor Steel and CMC Steel Group.

CRITICAL CIRCUMSTANCES ALLEGATIONS:

In its preliminary determination, the Department found that critical circumstances exist with respect to imports from Moldova, the People's Republic of China, and one company (i.e., Hanbo Iron & Steel Co., Ltd.) from the Republic of Korea. However, for these final determinations, the Department has found that critical circumstances exist with respect to imports from the People's Republic of China, and Hanbo Iron & Steel Co., Ltd. from the Republic of Korea. In addition, the Department has also found that critical circumstances do not exist with respect to imports from Belarus, Latvia, Moldova, and the remaining Korean companies.

If the International Trade Commission also finds that critical circumstances exist, imports from the above-referenced countries/company will be liable for duties 90 days prior to the Department's preliminary determinations of sales at less than fair value.

PRODUCT DESCRIPTION:

The merchandise subject to these investigations is all steel concrete reinforcing bars (rebar) sold in straight lengths, currently classifiable in the Harmonized Tariff Schedule of the United States (HTSUS) under item number 7214.20.00 or any other tariff item number. Specifically excluded are plain rounds (i.e., non-deformed or smooth bars) and rebar that has been further processed through bending or coating.

CASE CALENDAR:

The following determinations will be made not later than these statutory deadlines:

ITC Final Determination July 30, 2001*

Order August 6, 2001*

*Estimated

Since the Department has made affirmative final determinations, the ITC must make final injury determinations within 45 days after our final determinations. If these determinations are affirmative, Department will issue duty orders in one week.

FINAL DUMPING MARGINS:

Country / Company / AD Margins

Belarus / Belarus-wide / 114.53%

Latvia / Liepajas / Metalurgs / 17.21%

All Others / 17.21%

Moldova / Moldova-wide / 232.86%

PRC / Laiwu Steel Group Ltd. / 133.00%

PRC-wide / 133.00%

Korea / Dongkuk Steel Mill Co., Ltd.; Korea Iron & Steel Co., Ltd. / 22.89%

Hanbo Iron & Steel Co., Ltd. / 102.28%

All Others: / 22.89%