U.S. for anti-dumping duties on steel wire from China, Mexico
The U.S. industry is "materially injured" by imports of prestressed concrete steel rail tie wire (PC tie wire) from China and Mexico that "the U.S. Department of Commerce has determined are sold in the United States at less than fair value," the U.S. International Trade Commission (USITC) said in a final ruling.
All of the six-member commission voted in the affirmative. "As a result of the USITC's affirmative determinations, anti-dumping duty orders will be issued on imports of this product from China and Mexico," the bipartisan trade panel said.
Under the Commerce Department's ruling, Chinese and Mexican producers and exporters that have sold PC tie wire in the U.S. market would have to face anti-dumping duties ranging from 31.40 percent to 35.31 percent and 9.99 percent respectively.
The United States imported an estimated $31.1 million worth of PC tie wire from China last year, according to the Commerce Department. ■