wiredinUSA April 2014

INDEX

chinese wire rope investigation

The US’s international trade commission has approved anti-dumping investigations into carbon and some alloy steel wire rod from China. The trade panel agreed that there is a reasonable indication that US industry was materially injured by imports of these products, following a complaint brought by companies including ArcelorMittal USA LLC, Nucor Corporation , Charter Steel, Evraz Rocky Mountain Steel and Gerdau Ameristeel. The producers claim that the rod was sold at 100 to 110 percent below fair market value and that Chinese producers benefited from government subsidies. The imported wire rod is used for fencing, nails, barbed wire and rope. The US department of commerce is expected to make a preliminary countervailing duty determination in April and its anti-dumping duty determination in July. Imports from China rose from 144 tons in 2011 to over 614,000 tons in 2013, the companies said in their request for an investigation.

wiredInUSA - April 2014

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