The U.S. Department of Commerce (DOC) has issued the final results of its administrative review of the countervailing duty (CVD) order on steel rebar from Turkey, covering the period 1 January-31 December 2023.
The DOC determined that Colakoglu Metalurji A.S. received countervailable subsidies during the review period and assigned the company a final net countervailable subsidy rate of 1.26pct.
The final rate is lower than the preliminary rate of 1.84pct, following revisions to the subsidy calculations in response to comments submitted by interested parties during the review process.
The revised rate will be used by U.S. Customs and Border Protection to assess countervailing duties on the company’s entries of the subject merchandise during the review period.
Colakoglu is a leading Turkish steel producer headquartered in Istanbul, with production facilities in Dilovasi, Kocaeli. The company produces slabs, billets, hot-rolled flat steel, and rebar. In 2023, it also began producing special grades of stainless steel. Its annual production capacity includes 3 mln tons of crude steel, 4.5 mln tons of HRC and 1 mln tons of rebar.