Wire rod producers mull case vs. imports
Aug 28, 2012 | 10:29 AM
| Catherine Ngai
Tags
wire rod,
steel,
trade case,
International Trade Commission,
ITC,
construction,
Fred Waite,
Catherine Ngai
NEW YORK — Carbon steel wire rod makers in the United States are said to be mulling a trade case against China and Turkey as frustration with highly competitive imports builds.
Growing overseas capacity and a slowdown in demand throughout Europe and Asia have made the U.S. market one of the most attractive in recent periods, domestic steelmakers have said. Paired with a crimped construction sector and a slowdown in U.S. demand, sources say business has become increasingly difficult for domestic rod mills.
According to data from the U.S. Department of Commerce’s Import Administration, some 114,913 tonnes of Turkish wire rod arrived at U.S. ports during the first six months of 2012, up from 77,533 tonnes in the same period of 2011. Chinese imports during the same period totaled 48,038 tonnes, up sharply from just 153 tonnes during the year-ago period.....
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