US wire rod case vs. China said ‘game changer’
Feb 26, 2014 | 01:33 PM
| Stacy Irish
LONDON The U.S. trade case against imports of Chinese wire rod is a potential "game changer" for the domestic market, according to U.S. market participants.
Domestic demand for wire rod remains depressed and buying activity has been slow due to scant demand from the construction sector. Exceptionally cold weather across much of North America this winter led to a collapse in construction activity, which is expected to remain quiet until the weather improves toward the end of March or early April.
U.S. wire rod producers have been competing with lower-priced offers from China for several months, and the U.S. Commerce Department initiated anti-dumping and subsidy investigations on carbon and certain alloy steel wire rod from China (amm.com, Feb. 21) after a coalition of domestic producers filed a trade complaint in late January (amm.com, Jan. 31) alleging dumping margins between 99.32 and 100.25 percent and subsidy rates above de minimis levels.....
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