US ITC vetoes AD duties on import of galvanized steel wire from China and Mexico [News Center] (2012-4-24 20:54:41)

 

 ITC

The United States International Trade Commission determined that a US industry is not materially injured or threatened with material injury by reason of imports of galvanized steel wire  from China that the US. Department of Commerce has determined are subsidized and from China and Mexico that Commerce has determined are sold in the United States at less than fair value.

Chairman Deanna Tanner Okun and Commissioners Daniel R. Pearson, Shara L Aranoff, and David S Johanson voted in the negative. Vice Chairman Irving A Williamson and Commissioner Dean A Pinkert voted in the affirmative.

As a result of the USITC's negative determinations, no antidumping or countervailing duty orders will be issued on imports of these products from China and Mexico.

Product Description: The scope of these investigations covers galvanized steel wire, which is a cold-drawn, carbon quality, steel product in coils, of circular or approximately circular, solid cross section with any actual diameter of 0.5842 mm (0.0230 inch) or more, plated or coated with zinc (whether by hot-dipping or electroplating). Galvanized steel wire subject to these investigations is currently classified under Harmonized Tariff Schedule of the United States subheadings 7217.20.30, 7217.20.45, and 7217.90.10.

Status of Proceedings:
1. Type of investigations: Final antidumping and countervailing duty.
2. Petitioners: Davis Wire Corporation, Irwindale, CA; Johnstown Wire Technologies, Inc., Johnstown, PA; Mid-South Wire Company, Inc., Nashville, TN; National Standard, LLC/DW-National Standard-Niles, LLC, Niles, MI; and Oklahoma Steel & Wire Company, Inc., Madill, OK.
3. Investigations instituted by the USITC: March 31, 2011.
4. USITC hearing: March 22, 2012.
5. USITC vote: April 23, 2012.
6. Scheduled date for USITC notification of Department of Commerce: May 3, 2012.

US Industry
1. Number of producers in 2011: 10.
2. Location of producers' plants: Alabama, Arkansas, California, Colorado, Florida, Illinois, Iowa, Kentucky, Michigan, Missouri, Ohio, Oklahoma, Pennsylvania, Tennessee and Washington.
3. Employment of production and related workers in 2011: 815.
4. Apparent U.S. consumption in 2011: USD 792,727,000.
5. Ratio of the value of subject imports to total U.S. consumption in 2011: 14%.

U.S. Imports:
1. Total value of imports during 2011: USD 202,320,000.
2. Leading sources during 2011: Mexico, Canada, and China (in terms of total value).

Sourced – US ITC

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