Steel Concrete Reinforcing Bar from Japan and Turkey
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Steel Concrete Reinforcing Bar from Japan and Turkey Investigation Nos. 701-TA-564 and 731-TA-1338 and 1340 (Final) Publication 4705 July 2017 U.S. International Trade Commission Washington, DC 20436 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 Amelia Shister, Investigator Gregory LaRocca, Industry Analyst Craig Thomsen, Economist David Boyland, Accountant Onslow Hall, Statistician Peter Sultan, Attorney Douglas Corkran, Supervisory Investigator Special assistance from Joseph Laroski Address all communications to Secretary to the Commission United States International Trade Commission Washington, DC 20436 U.S. International Trade Commission Washington, DC 20436 www.usitc.gov Steel Concrete Reinforcing Bar from Japan and Turkey Investigation Nos. 701-TA-564 and 731-TA-1338 and 1340 (Final) Publication 4705 July 2017 CONTENTS Page Determinations ............................................................................................................................... 1 Views of the Commission ............................................................................................................... 3 Part I: Introduction .............................................................................................................. I-1 Background ................................................................................................................................ I-1 Statutory criteria and organization of the report ..................................................................... I-2 Statutory criteria ................................................................................................................... I-2 Organization of report ........................................................................................................... I-3 Market summary ....................................................................................................................... I-4 Summary data and data sources ............................................................................................... I-4 Previous and related investigations .......................................................................................... I-5 Previous and related global safeguard investigations .............................................................. I-8 Nature and extent of subsidies and sales at LTFV .................................................................... I-9 Subsidies ................................................................................................................................ I-9 Sales at LTFV ........................................................................................................................ I-10 The subject merchandise ........................................................................................................ I-11 Commerce’s scope .............................................................................................................. I-11 Tariff treatment ................................................................................................................... I-11 The product ............................................................................................................................. I-12 Description and applications ............................................................................................... I-12 Manufacturing processes .................................................................................................... I-15 Domestic like product issues ................................................................................................... I-17 i CONTENTS Page Part II: Conditions of competition in the U.S. market........................................................... II-1 U.S. market characteristics....................................................................................................... II-1 Channels of distribution ........................................................................................................... II-1 Geographic distribution ........................................................................................................... II-2 Supply and demand considerations ......................................................................................... II-3 U.S. supply ............................................................................................................................ II-3 U.S. demand ......................................................................................................................... II-7 Substitutability issues ............................................................................................................. II-10 Lead times .......................................................................................................................... II-10 Knowledge of country sources ........................................................................................... II-10 Factors affecting purchasing decisions............................................................................... II-11 Comparisons of domestic products, subject imports, and nonsubject imports ................ II-15 Elasticity estimates ................................................................................................................. II-19 U.S. supply elasticity ........................................................................................................... II-20 U.S. demand elasticity ........................................................................................................ II-20 Substitution elasticity ......................................................................................................... II-20 Part III: U.S. producers’ production, shipments, and employment ...................................... III-1 U.S. producers ......................................................................................................................... III-1 U.S. production, capacity, and capacity utilization ................................................................. III-4 Alternative products ............................................................................................................ III-5 U.S. producers’ U.S. shipments and exports ........................................................................... III-6 U.S. producers’ inventories ..................................................................................................... III-9 U.S. producers’ imports and purchases .................................................................................. III-9 U.S. employment, wages, and productivity .......................................................................... III-10 ii CONTENTS Page Part IV: U.S. imports, apparent U.S. consumption, and market shares ................................ IV-1 U.S. importers.......................................................................................................................... IV-1 U.S. imports ............................................................................................................................. IV-2 Negligibility .............................................................................................................................. IV-5 Cumulation considerations ..................................................................................................... IV-6 Fungibility ............................................................................................................................ IV-7 Presence in the market ....................................................................................................... IV-9 Geographical markets ....................................................................................................... IV-13 Apparent U.S. consumption and U.S. market shares ............................................................ IV-16 Part V: Pricing data ............................................................................................................. V-1 Factors affecting prices ............................................................................................................ V-1 Raw material costs ............................................................................................................... V-1 U.S. inland transportation costs ........................................................................................... V-1 Pricing practices ....................................................................................................................... V-1 Pricing methods .................................................................................................................... V-1 Sales terms and discounts .................................................................................................... V-2 Independent Steel Alliance .................................................................................................. V-2 Price leadership .................................................................................................................... V-3 Price data .................................................................................................................................. V-4 Price trends ..........................................................................................................................