Benxi declines to help US in wire rod case

Jul 21, 2014 | 10:55 AM | Nat Rudarakanchana

Tags  China, wire rod, steel, anti-dumping, countervailing, Commerce Department, Benxi Beiying Iron and Steel Group, Hebei Iron and Steel International Trade Administration

NEW YORK — Chinese steelmaker Benxi Beiying Iron & Steel Group Co. Ltd. and its corporate affiliates have declined to provide additional information to the U.S. Commerce Department in a subsidy and dumping investigation of carbon steel wire rod imports.

Commerce’s International Trade Administration’s (ITA) imposed a preliminary countervailing duty of 10.3-percent on Benxi’s wire rod exports early this month, while rival steelmaker Hebei Iron & Steel Co. Ltd. received an 81.36-percent preliminary rate, partly because Hebei did not cooperate with the investigation (, July 1).....

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