August 30, 2017 / 3:35 PM / a year ago

UPDATE 1-U.S. acts to finalize duties on imports of rebar from Taiwan

(Adds background in paragraphs three and four)

WASHINGTON, Aug 30 (Reuters) - The U.S. International Trade Commission said on Wednesday it had made a final finding that U.S. producers are harmed by imports of steel concrete reinforcing bar, or rebar, from Taiwan, ensuring anti-dumping duties on the products will stay in place.

The U.S. Commerce Department in July had made a final determination that rebar from Taiwan was being dumped in the U.S. market, and it imposed final duties of up to 32 percent. It estimated 2016 rebar imports from Taiwan at $53 million.

The U.S. trade investigation into the imports was spurred by a petition from the Rebar Trade Action Coalition and members Bayou Steel Group, Byer Steel Group Inc, Commercial Metals Co , Gerdau Ameristeel U.S. Inc, Nucor Corp and Steel Dynamics Inc.

The petition had sought an investigation into rebar imports from Japan and Turkey, as well as Taiwan. Duties on rebar from Japan and Turkey were finalized in June. (Reporting by Tim Ahmann; Editing by David Gregorio)

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