11/2/2009
NEWS BRIEFS
ITC Report on China Dumping Goes to Trade Commission
U.S. International Trade Commission is set to receive a preliminary report today on the antidumping and countervailing petitions filed by Nucor Fastener.
U.S. ITC investigator Joshua Kaplan’s report on material injury to the domestic fastener industry is scheduled to be submitted to trade commissioners, with a vote slated for November 6. A preliminary determination in the case is expected on November 9, unless the Commerce Department extends the time for initiation.
November 2 also marks the last day the Commerce Department will accept comments on the proposed final scope of the investigations. (To read full text of proposed scope, click HERE).
Nucor Fastener filed antidumping and countervailing petitions with the Commerce Department on September 23. The petitions allege average dumping margins of 145% for Chinese imports, and 74% for imports from Taiwan.
From 2006 to 2008, imports of certain standard steel fasteners from China increased by 4.48% and were valued at an estimated $291 million in 2008. Imports from Taiwan over the same time period decreased by 19.09% and were valued at an estimated $395 million in 2008.
Importers have criticized Nucor Fastener for seeking tariffs on low-carbon standard fasteners that haven’t been produced in the U.S. since the 1960s.
Preliminary findings are due by November 17 at the Commerce Department. ©2009 GlobalFastenerNews.com
Related Stories:
• ITC Antidumping Conference: Manufacturers & Importers Differ on Tariffs for Fastener Imports
• Commerce Dept. Extends Antidumping Response Period
Related Links:
• U.S. ITC
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