Jason Sandefur

Five U.S. producers of carbon and alloy steel wire rod filed antidumping duty petitions against wire rod imports from China, Germany and Turkey.\ The petitioners allege antidumping margins of 330% for China, up to 82% for Germany, and as much as 78% for Turkey.
In a joint press release, the company claimed the grievances were filed in the face of a near doubling of wire rod imports from the three named countries, from approximately 958,000 tons in 2002 to over 1.8 million tons in 2004. These subject imports accounted for nearly half of all imports from September 2004 to August 2005.
“Imports from the PRC, Germany and Turkey have surged dramatically over the last three years, taking an ever-greater market share and inflicting severe financial distress on the domestic industry,” said lead trade counsel Paul Rosenthal. “The increase in dumped imports from these countries and the disruptive low prices that are underselling the domestic industry have largely reversed the first brief period of reasonable profitability this industry has known in the last few years.”
The U.S. Department of Commerce will determine whether dumping exists, while it”s up to the U.S. International Trade Commission to determine if the U.S. wire rod industry has been materially injured as a result. Final determinations of injury and dumping will occur in late 2006. �2005 FastenerNews.com