11/5/2009
NEWS BRIEFS
ITC Set To Vote on Fastener Dumping Charge Against China and Taiwan
U.S. International Trade Commission is set to vote on preliminary approval of antidumping tariffs against certain standard fastener imports from China and Taiwan. A preliminary determination in the case is expected by November 9.
U.S. ITC investigator Joshua Kaplan submitted to trade commissioners his report on material injury to the domestic fastener industry. (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
• Importers Challenge U.S. Tariffs on Chinese and Taiwan Standard Fasteners
Related Links:
• U.S. ITC
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