USITC to Continue Cases on Galvanized Steel Wire from China, Mexico
05/17/2011 - The United States International Trade Commission has determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of galvanized steel wire from China that are allegedly subsidized, and from China and Mexico that are allegedly sold in the U.S. at less than fair value.
The United States International Trade Commission (USITC) has determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of galvanized steel wire from China that are allegedly subsidized, and from China and Mexico that are allegedly sold in the U.S. at less than fair value.
All six Commissioners voted in the affirmative.
As a result of the Commission's affirmative determinations, the U.S. Department of Commerce will continue to conduct its countervailing duty (CVD) investigation on imports of this product from China and its antidumping duty (AD) investigations on imports of this product from China and Mexico. Its preliminary CVD determination is due on or about June 24, and its preliminary AD determination on or about September 7.
The imported merchandise covered by the scope of these investigations is galvanized steel wire. This product consists of all galvanized steel wire with a diameter of 0.5842 mm (0.0230 in) or larger, plated or coated with zinc (whether by hot-dipping or electroplating).
U.S. producers' U.S. shipments (excluding exports) in 2010 were 486,120 short tons, valued at $491 million. Apparent U.S. consumption in 2010 was valued at $670 million. Ratio of the subject imports to U.S. production was 21.9% in 2010.
U.S. imports in 2010 included $38 million from China, $56 million from Mexico, and $84 million from other countries. Leading sources during 2010 (in terms of total value) were Canada, China, and Mexico.
