The U.S. Department of Commerce announced affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of carbon and alloy steel wire rod from Italy and Turkey and AD investigations of carbon and alloy steel wire rod from Korea, Spain, and the U.K.
The Commerce Department determined that exporters from Italy, Korea, Spain, Turkey, and the U.K. are dumping carbon and alloy steel wire rod in the U.S. at 12.41-18.89%, 41.10%, 11.08-32.64%, 4.74-7.94%, and 147.63% less than fair value, respectively. Commerce also determined that Italy and Turkey are providing countervailable subsidies to its producers of carbon and alloy steel wire rod at rates ranging from 4.16-44.18% and 3.81-3.86%, respectively.
In 2016, imports of carbon and alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom were valued at an estimated $12.2 million, $45.6 million, $40.7 million, $41.4 million, and $20.5 million, respectively.
Commerce also cited rates for individual companies in its findings, as follows.
In Italy, Ferriere Nord was assigned a dumping margin of 12.41% and a subsidy rate of 4.16% and Ferriera Valsider a dumping margin of 18.89% and a subsidy rate of 44.18%. All others were assigned a dumping margin of 12.41 percent and a subsidy rate of 4.16%.
South Korea’s POSCO was assigned a dumping margin of 41.10%.
In Spain, Global Steel Wire, CELSA Atlantic and Compania Espanola de Laminacion were assigned dumping margins of 11.08%; ArcelorMittal Espana, a unit of ArcelorMittal, a margin of 32.64%; and all others, 11.08%.
In Turkey, Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi received a dumping margin of 4.74%, Icdas Celik Enerji Tersane ve Ulasim Sanayi a margin of 7.94%, and all others, margins of 6.34%. Habas Sinai Ve Tibbi Gazlar Istih got a subsidy rate of 3.86%, Icdas Celik Eberji Tersane Ve Ulasim San a rate of 3.81%, and all others, a rate of 3.84%.
British Steel Ltd and Longs Steel UK Ltd were given dumping margins of 147.63%, as were all other U.K. exporters.
The petitioners in the case were Gerdau Ameristeel US, Inc., Nucor Corporation, Keystone Consolidated Industries and Charter Steel.
If the U.S. International Trade Commission (ITC) makes affirmative final injury determinations by or about the scheduled date of May 3, Commerce will issue AD and CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.
From January 20, 2017, through March 20, 2018, the Commerce Department has initiated 102 antidumping and countervailing duty investigations – a 96% increase from the prior year.
Norddeutsche Seekabelwerke (NSW), a subsidiary of General Cable, has been contracted by Van Oord, an international marine contractor, to design, manufacture and deliver inter-array cables for Deutsche Bucht offshore wind farm.
Per subsea world news, the NSW will deliver 45 km of medium-voltage submarine power cables for the Deutsche Bucht, which is owned by Northland Power. Delivery of the submarine cables is scheduled for spring of 2019, the company said.
Van Oord will deploy its offshore installation vessel Aeolus and cable-laying vessel Nexus for the installation works. The Deutsche Bucht offshore wind farm is located in the North Sea, approximately 95 km north-west of the island of Borkum. It includes 31 MHI Vestas Offshore Wind 164-8.0MW (8.4MW Power Mode) turbines, which will generate a total output of 252 MW.
Upon its planned completion in late 2019, the wind farm will provide renewable energy to more than 178,000 households..
An optical fiber cable manufacturing factory in Cairo—co-established by China’s Hengtong Optic-Electric Co., Ltd., and Egypt’s HitekNOFAL Group—was inaugurated March 6 with the official opening of the plant.
Per reports from media and company websites, the new operation, called HitekNOFAL Hengtong Optix, is the first Egyptian-Chinese joint venture specialized in manufacturing fiber optic cables and accessories. The plant is located in the Bader Industrial City, which is in the northeast section of the Cairo governate. The 33,000-sq-m plant, highly automated, has an annual production capacity of more than one million km of fiber. “(HitekNOFAL) aims to cover the needs of the Egyptian market of fiber cables and plans to export to African markets by mid-2019, in parallel with the increasing production capacity of the factory. A second plant is also to be built, with the total cost over the next three years estimated at $30 million. The company plans to reach 80% of local components in the cable manufacturing process by 2021.”
Egyptian market’s demand for optical cables is growing year by year, and its main resource at present still depends on imports, said HitekNOFAL CEO Mohammed Nofal. He noted that over the past four years, Telecom Egypt has been working on replacing copper wires in all Egyptian governorates with fiber optic wires. As of June 2017, the company had replaced 40%, but will need much fiber to meet its goals. “Nevertheless, the co-founded factory with HENGTONG is expected to satisfy about 80% of the domestic needs within this year and achieve export in the middle of 2019.”
A report in Xinhuanet cited HitekNOFAL Marketing Manager Randa Tawfiq as saying that a key goal is to supply the “core,” which is the most difficult part in the process. The manufacture of this part of the cables is limited and is only carried out by a limited number of companies around the world and the company seeks to transfer this advanced (preform) technology to Egypt.” The factory will also manufacture micro-trenching cables, which is relatively new cable technology that allows the cable to be laid without extensive road digging.
Attending the inauguration was Yasser ElKady, Egypt’s Minister of Communications and Information Technology. Following the opening, he said that the government’s strategic plan to develop Egypt’s telecom infrastructure considers optical fiber cables an essential pillar.
Mohamed Nofal, chairman of HitekNOFAL Solutions, noted that his company has more than 30 years of experience in the field of telecom and cable solutions. The company’s goal is to train Egyptian workers to manufacture optical fiber cables in partnership with the Hengtong Group to cover domestic demand and exports abroad.
North America Steel & Wire Inc. (NASW), a U.S. manufacturer of copper- and zinc-coated wires located in Butler, Pennsylvania, has filed for Chapter 11 protection.
Per media reports, NASW plans to reorganize, and is scheduled to present a plan for this by June 27. At its website, the company notes that it also makes copper coated closing carton staples under the ISM Enterprises brand name.
According to the last information provided to the WJI Annual Reference Guide, NASW had 20 employees at its mill in Butler, where it makes specialty and industrial wires used in toys, food service products, recycling and pulp industries, and in the manufacturing of many types of fasteners. It also was cited as making welded and woven wire panels for residential and agricultural fencing. It can make carbon grades from C1004 to C1080.
South Korea’s LS Group held a groundbreaking ceremony on March 15 in Serbia, where it is investing $23 milllion to to build the plant, which it said is designed to produce 12,000 metric tons of magnet wire a year.
Per a report in The Korea Herald, LS Group Chairman Christopher Koo spoke at the groundbreaking ceremony of the magnet wire plant, which is located in Zrenjanin, some 90 km south of the Serbian capital in Serbia. The plant was described as the latest investment by the LS Group, which launched an electric car parts plant in Poland and a solar power plant in Japan.
LS Group Chairman Christopher Koo said the conglomerate’s Serbian investment is a part of growth strategy, and is expecting the Serbian plant to become the production center for its east European operation. It is scheduled to start commercial production in 2019.
The LS Group notes that its U.S. affiliate, Superior Essex, one of the world's largest wire and cable manufacturers, generated $2 billion in sales last year. It is the sole magnet wire supplier to U.S. electric vehicle producer Tesla.