Carbon and Certain Alloy Steel Wire Rod from Belarus, Italy, Korea, Russia, South Africa, Spain ...

228 Pages·2017·1.5 MB·English

Carbon and Certain Alloy Steel Wire Rod
from Belarus, Italy, Korea, Russia,
South Africa, Spain, Turkey, Ukraine,
United Arab Emirates, and the United
Kingdom
Investigation Nos. 701-TA-573-574 and 731-TA-1349-1358 (Preliminary)
Publication 4693 May 2017
U.S. International Trade Commission
Washington,DC20436
U.S. International Trade Commission
COMMISSIONERS
Rhonda K. Schmidtlein, Chairman
David S. Johanson, Vice Chairman
Irving A. Williamson
Meredith M. Broadbent
F. Scott Kieff
Catherine DeFilippo
Director of Operations
Staff assigned
Michael Szustakowski, Investigator
Gregory LaRocca, Industry Analyst
Jennifer Powell, Industry Analyst
Andrew Knipe, Economist
Caroline Peters, Economist
Joanna Lo, Accountant
Russell Duncan, Senior Statistician
Darlene Smith, Statistical Assistant
Jane Dempsey, Attorney
Fred Ruggles, Supervisory Investigator
Addressallcommunicationsto
SecretarytotheCommission
UnitedStatesInternationalTradeCommission
Washington,DC20436
U.S. International Trade Commission
Washington,DC20436
www.usitc.gov
Carbon and Certain Alloy Steel Wire Rod
from Belarus, Italy, Korea, Russia,
South Africa, Spain, Turkey, Ukraine,
United Arab Emirates, and the United
Kingdom
Investigation Nos. 701-TA-573-574 and 731-TA-1349-1358 (Preliminary)
Publication 4693 May 2017

CONTENTS
Page
Determinations...............................................................................................................................1
ViewsoftheCommission...............................................................................................................3
PartI:Introduction..............................................................................................................I-1
Background................................................................................................................................I-1
Statutorycriteriaandorganizationofthereport.....................................................................I-2
Statutorycriteria...................................................................................................................I-2
Organizationofreport...........................................................................................................I-3
Marketsummary.......................................................................................................................I-3
Summarydataanddatasources...............................................................................................I-4
Previousandrelatedinvestigations..........................................................................................I-4
Safeguardinvestigation.........................................................................................................I-7
NatureandextentofallegedsubsidiesandsalesatLTFV........................................................I-7
Allegedsubsidies...................................................................................................................I-7
AllegedsalesatLTFV.............................................................................................................I-9
Thesubjectmerchandise..........................................................................................................I-9
Commerce’sscope................................................................................................................I-9
Tarifftreatment...................................................................................................................I-10
Theproduct.............................................................................................................................I-11
Descriptionandapplications...............................................................................................I-11
Manufacturingprocesses....................................................................................................I-12
Domesticlikeproductissues...................................................................................................I-16
Physicalcharacteristicsanduses.........................................................................................I-17
Manufacturingfacilitiesandproductionemployees..........................................................I-18
Interchangeability................................................................................................................I-19
Customerandproducerperceptions..................................................................................I-19
Channelsofdistribution......................................................................................................I-20
Price.....................................................................................................................................I-21
PartII:ConditionsofcompetitionintheU.S.market...........................................................II-1
U.S.marketcharacteristics.......................................................................................................II-1
Channelsofdistribution...........................................................................................................II-1
Geographicdistribution...........................................................................................................II-1
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CONTENTS
Page
Supplyanddemandconsiderations.........................................................................................II-2
U.S.supply............................................................................................................................II-2
U.S.demand.........................................................................................................................II-5
Substitutabilityissues...............................................................................................................II-8
Leadtimes............................................................................................................................II-9
Factorsaffectingpurchasingdecisions.................................................................................II-9
Suppliercertification..........................................................................................................II-10
ComparisonofU.S.-producedandimportedwirerod.......................................................II-10
PartIII:U.S.producers’production,shipments,andemployment......................................III-1
U.S.producers.........................................................................................................................III-1
U.S.production,capacity,andcapacityutilization.................................................................III-2
Overallcapacityandproduction.........................................................................................III-3
U.S.producers’U.S.shipmentsandexports...........................................................................III-4
Captiveconsumption..............................................................................................................III-7
Transfersandsales..............................................................................................................III-7
Firststatutorycriterionincaptiveconsumption.................................................................III-7
Secondstatutorycriterionincaptiveconsumption............................................................III-8
U.S.producers’inventories.....................................................................................................III-8
U.S.producers’importsandpurchases..................................................................................III-8
U.S.employment,wages,andproductivity............................................................................III-9
PartIV:U.S.imports,apparentU.S.consumption, andmarketshares...............................IV-1
U.S.importers..........................................................................................................................IV-1
U.S.imports.............................................................................................................................IV-3
Negligibility..............................................................................................................................IV-6
Cumulationconsiderations.....................................................................................................IV-9
Fungibility............................................................................................................................IV-9
Presenceinthemarket.....................................................................................................IV-10
Geographicalmarkets.......................................................................................................IV-13
ApparentU.S.consumption..................................................................................................IV-14
U.S.marketshares................................................................................................................IV-16
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CONTENTS
Page
PartV:Pricingdata.............................................................................................................V-1
Factorsaffectingprices............................................................................................................V-1
Rawmaterialcosts...............................................................................................................V-1
TransportationcoststotheU.S.market..............................................................................V-3
U.S.inlandtransportationcosts...........................................................................................V-3
Pricingpractices.......................................................................................................................V-3
Pricingmethods....................................................................................................................V-3
Salestermsanddiscounts....................................................................................................V-5
Pricedata..................................................................................................................................V-5
Pricetrends...........................................................................................................................V-7
Pricecomparisons................................................................................................................V-8
Lostsalesandlostrevenue....................................................................................................V-10
PartVI:FinancialexperienceofU.S.producers..................................................................VI-1
Background..............................................................................................................................VI-1
Operationsonwirerod...........................................................................................................VI-2
Totalnetsalesquantityandvalue....................................................................................VI-13
Operatingcostsandexpenses...........................................................................................VI-13
Profitability........................................................................................................................VI-14
Varianceanalysis...................................................................................................................VI-14
Capitalexpendituresandresearchanddevelopmentexpenses..........................................VI-15
Assetsandreturnonassets..................................................................................................VI-17
Capitalandinvestment.........................................................................................................VI-18
PartVII:Threatconsiderationsandinformationonnonsubjectcountries..........................VII-1
TheindustryinBelarus...........................................................................................................VII-3
Changesinoperations........................................................................................................VII-3
OperationsonWireRod.....................................................................................................VII-3
Alternativeproducts...........................................................................................................VII-4
Exports................................................................................................................................VII-4
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CONTENTS
Page
TheindustryinItaly................................................................................................................VII-7
Operationsonwirerod......................................................................................................VII-7
Alternativeproducts...........................................................................................................VII-8
Exports................................................................................................................................VII-8
TheindustryinKorea...........................................................................................................VII-10
Changesinoperations......................................................................................................VII-10
Operationsonwirerod....................................................................................................VII-10
Alternativeproducts.........................................................................................................VII-11
Exports..............................................................................................................................VII-11
TheindustryinRussia..........................................................................................................VII-13
Exports..............................................................................................................................VII-13
TheindustryinSouthAfrica.................................................................................................VII-15
Changesinoperations......................................................................................................VII-15
Operationsonwirerod....................................................................................................VII-15
Alternativeproducts.........................................................................................................VII-16
Exports..............................................................................................................................VII-16
TheindustryinSpain............................................................................................................VII-18
Changesinoperations......................................................................................................VII-19
Operationsonwirerod....................................................................................................VII-19
Alternativeproducts.........................................................................................................VII-20
Exports..............................................................................................................................VII-20
TheindustryinTurkey..........................................................................................................VII-22
Changesinoperations......................................................................................................VII-23
Operationsonwirerod....................................................................................................VII-23
Alternativeproducts.........................................................................................................VII-23
Exports..............................................................................................................................VII-24
TheindustryinUkraine........................................................................................................VII-26
Changesinoperations......................................................................................................VII-26
Operationsonwirerod....................................................................................................VII-26
Alternativeproducts.........................................................................................................VII-27
Exports..............................................................................................................................VII-27
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CONTENTS
Page
TheindustryintheUnitedArabEmirates............................................................................VII-30
Changesinoperations......................................................................................................VII-30
Operationsonwirerod....................................................................................................VII-30
Alternativeproducts.........................................................................................................VII-31
Exports..............................................................................................................................VII-31
TheindustryintheUnitedKingdom....................................................................................VII-33
Changesinoperations......................................................................................................VII-34
Operationsonwirerod....................................................................................................VII-34
Alternativeproducts.........................................................................................................VII-35
Exports..............................................................................................................................VII-35
Subjectcountriescombined.................................................................................................VII-38
U.S.inventoriesofimportedmerchandise..........................................................................VII-39
U.S.importers’outstandingorders......................................................................................VII-39
Antidumpingorcountervailingdutyordersinthird-countrymarkets................................VII-40
Informationonnonsubjectcountries..................................................................................VII-41
Generalinformation.........................................................................................................VII-41
Canada..............................................................................................................................VII-45
Appendixes
A. FederalRegisternotices................................................................................................. A-1
B. Listofhearingwitnesses................................................................................................ B-1
C. Summarydata................................................................................................................ C-1
D.MonthlyU.S.shipments,imports,andmarketshares................................................... D-1
E. Nonsubjectcountrypricedata....................................................................................... E-1
Note.—Informationthatwouldrevealconfidentialoperationsofindividualconcernsmaynot
bepublishedandthereforehasbeendeleted. Suchdeletionsareindicatedbyasterisks.
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