USITC wire strand case ruling
The United States International Trade Commission (USITC) has found a reasonable indication that a U.S. industry suffers material injury because of imports of prestressed concrete steel wire strand. This decision allows the U.S. trade case to move into the next phase of review, alongside other trade updates in our industry news section.
The USITC’s finding covers imports from Argentina, Colombia, Egypt, Indonesia, Italy, Malaysia, the Netherlands, Saudi Arabia, South Africa, Spain, Taiwan, Tunisia, Turkey, Ukraine, and the United Arab Emirates. U.S. authorities allege that exporters from these countries sell this product at less than fair value in the U.S. market.
Because of the USITC’s affirmative determination, the U.S. Department of Commerce will continue its antidumping and countervailing duty investigations into these imports. Commerce plans to issue a preliminary countervailing duty decision on or about July 10, 2020, followed by preliminary antidumping duty decisions on or about September 23, 2020.
If Commerce later confirms dumping or unfair subsidies and the USITC ultimately confirms injury, the U.S. could impose antidumping and/or countervailing duties on these imports. Such measures would aim to offset unfair pricing or subsidies and help restore fair competition for domestic producers.
