US launches trade probes into steel wire from China, Mexico, Thailand
Xinhua 2013-05-16 08:50
A 20cm thick steel cable. (Photo/CFP)
The US Commerce Department announced on Tuesday that it is launching anti-dumping investigations on prestressed concrete steel rail tie wire from China, Mexico and Thailand.
The investigations are in response to the petition filed on April 23 by the Insteel Wire Products Company based in North Carolina and Davis Wire Corporation based in Washington.
They reported that the steel wire imported from China, Mexico and Thailand were sold in the US market with dumping margins of 67.4%, 159.4% and 53.7%, respectively.
The US International Trade Commission is scheduled to make its preliminary injury determination on or before June 7.
If the ITC determines that imports from China and the other two countries are materially injuring, or threatening material injury to the US domestic industry, the Commerce Department will continue the investigations and is expected to make its anti-dumping preliminary determinations in September this year.
Last year, the United States imported an estimated US$35.6 million of the steel wire from China, US$14.7 million from Mexico and US$373,000 from Thailand, according to US government figures.
The Chinese Commerce Ministry has reportedly urged the United States to abide by its commitment against protectionism and work together with China and other members of the international community to maintain a free, open and just international trade environment.
