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U.S. producers of wire rod applaud ITC’s final determination in antidumping case against China

The U.S. International Trade Commission (ITC), Washington, D.C., made a final determination today that foreign producers of carbon and certain alloy steel wire rod are causing injury to U.S. producers. The ITC Commissioners voted unanimously to grant relief to the domestic wire rod industry from the dumped and subsidized imports from China.

This was the final step in the antidumping and countervailing duty investigations and follows the Nov. 13, 2014, determination by the U.S. Department of Commerce that Chinese producers were dumping wire rod in the U.S. at dumping margins from 106.19 to 110.25 percent. Commerce also determined that producers/exporters of wire rod from China have received countervailable subsidies from 178.46 percent to 193.31 percent.

ArcelorMittal USA LLC, Charter Steel, Evraz Pueblo, Gerdau Ameristeel US Inc., Keystone Consolidated Industries Inc., and Nucor Corp. filed the petition on Jan. 31, 2014, charging that unfairly traded imports of wire rod from China were causing material injury to the domestic industry. Imports from China surged from 144 tons in 2011 to more than 600,000 tons in 2013. By 2013, China was the largest source of wire rod imports to the U.S., with more than $335 million in imports.

"We have maintained throughout this case that the skyrocketing volume of imports of wire rod from China has injured the domestic industry with aggressive, dumped, and subsidized prices. The domestic industry is extremely pleased that the Commission agreed and that the Chinese producers will now be subject to the discipline of trade orders to offset these practices," commented Paul Rosenthal of Kelley Drye, the lead trade counsel to the petitioners.

The ITC will transmit its determination to Commerce, and Commerce will issue antidumping and countervailing duty orders shortly thereafter. Importers of wire rod will continue to be required to deposit estimated antidumping and countervailing duties at the time of entry into the U.S. The orders will remain in place for a minimum period of five years and may be renewed in five-year increments.