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U.S. close to limiting imports of steel wire from China, Mexico-The 18th China(Guangzhou)Int’l Fastener & Equipment Exhibition
4/5/2017  -fastener expo
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        The U.S. Commerce Department on Tuesday announced its affirmative final determination in the antidumping duty probes against prestressed concrete steel rail tie wire (PC tie wire) from China and Mexico, which increases the possibility of imposing punitive duties on the products.

The Commerce Department claimed that Chinese and Mexican producers and exporters sold PC tie wire in the U.S. market at dumping margins ranging from 31.40 percent to 35.31 percent and 9. 99 percent respectively.

Punitive duties would be imposed after both the Commerce Department and the U.S. International Trade Commission (ITC) make affirmative final rulings. The ITC is scheduled to make its final ruling in June. If the ITC makes a negative determination, the investigation will be terminated.

The Commerce Department launched the investigation on May 14, in response to the petition filed by the Insteel Wire Products Company based in North Carolina and Davis Wire Corporation based in Washington, which alleged that exporters and producers in China, Mexico and Thailand sold these products in the U.S. market at lower prices.

In 2013, the United States imported an estimated 31.1 million U. S. dollar worth of PC tie wire from China, 21.3 million from Mexico, according to the Commerce Department.

Beijing has repeatedly urged Washington to abide by its commitment against protectionism and work with China and other countries to maintain a free, open and just trade environment. 紧固件展-2017第十八届广州国际紧固件及设备展览会-巨浪展览-The 18th China(Guangzhou)Int’l Fastener & Equipment Exhibition

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