China PC strand facing high margins as Commerce makes preliminary determination

Dec 21, 2009 | 12:20 PM | Corinna Petry

Chinese producers and exporters of pre-stressed concrete (PC) steel wire strand have sold the product at less than fair value in the United States, the U.S. Commerce Department said in a preliminary anti-dumping duty determination.

One domestic producer of the product said Monday he was pleased with the decision, although the impact could be muted next year due to demand weakness stemming from the recessionary construction environment in the United States.

Commerce established preliminary margins of 37.72 percent to 193.55 percent against imports of the product from China.

A preliminary dumping rate of 151.44 percent was set for mandatory respondent Xinhua Metal Products Co. Ltd., while voluntary respondent Wuxi Jinyang Metal Products Co. Ltd. received a preliminary rate of 37.72 percent. Fasten Group Import & Export Co. Ltd. has qualified for a separate rate of 151.44 percent. All other Chinese producers and exporters will receive a preliminary rate of 193.55 percent, Commerce said.....

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