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ITC votes to continue wire rod investigation

Mar 14, 2014 | 05:11 PM |

Tags  wire rod, International Trade Commission, ITC, China wire rod, trade case, anti-dumping probe, Commerce Department, ArcelorMittal Charter Steel

NEW YORK — A U.S. probe into imports of carbon and certain alloy steel wire rod from China will move forward after the U.S. International Trade Commission (ITC) said March 14 that it found indications of material injury the U.S. industry.

As a result of the affirmative determination, the U.S. Commerce Department will continue its investigation into imports of the products, with a preliminary countervailing duty determination due by April 28 and its anti-dumping determination due by July 10.

A coalition of six U.S. wire rod producers filed a trade case in late January (, Jan. 31).

Chinese wire rod is allegedly being sold and offered for sale in the United States at less than fair value, the petitioners claim, estimating dumping margins of between 100.1 and 110.18 percent for the sample wire rod products outlined in the filing.

The trade case against imports of Chinese wire rod is a potential “game changer” for the domestic market, U.S. market participants have said (, Feb. 26).

China has pulled back offers to the United States for February and March over fears that retroactive duties could be applied to imports, market sources said (, Feb. 18).

Wire rod market sources have said that Turkey could be the next big exporter of wire rod to the Unites States if anti-dumping and countervailing duties are imposed on Chinese wire rod shipments (, Feb. 25).

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