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U.S. Wire Rod Makers Seek Trade Protection
03/29/2017 - Four U.S. steelmakers are accusing their counterparts in 10 countries of dumping carbon and alloy wire rod, undercutting U.S. prices, reports S&P Global Platts.
In a complaint filed with the U.S. Commerce Department, the steelmakers allege dumping margins of between 21.6% and 821.4%. The complaint names Belarus, Italy, Russia, South Africa, South Korea, Spain, Turkey, Ukraine, United Arab Emirates and the United Kingdom.
"The substantial increase in low-priced and unfairly-traded carbon and alloy steel wire rod from the subject countries since 2014 has injured American manufacturers and their workers," trade attorney Paul Rosenthal told Platts.
His firm, Kelley Drye & Warren, is representing Gerdau Long Steel North America, Keystone Consolidated Industries and Charter Steel. The fourth U.S. petitioner is Nucor Corp., which is being represented by another firm.
Platts has the full story here.
"The substantial increase in low-priced and unfairly-traded carbon and alloy steel wire rod from the subject countries since 2014 has injured American manufacturers and their workers," trade attorney Paul Rosenthal told Platts.
His firm, Kelley Drye & Warren, is representing Gerdau Long Steel North America, Keystone Consolidated Industries and Charter Steel. The fourth U.S. petitioner is Nucor Corp., which is being represented by another firm.
Platts has the full story here.
