U.S. ITC approves anti-dumping probe of Chinese steel wire rod
The trade panel voted in the affirmative that there was a reasonable indication that a U.S. industry was materially injured by imports of these products, the ITC said in a statement.
The U.S. Department of Commerce will continue the investigations, launched on Feb. 21, on imports of these products and is expected to make its preliminary countervailing duty determination in April and its anti-dumping duty determination in July.
The investigations are in response to the petition filed by ArcelorMittal USA based in the state of Illinois and five other U. S. companies. The American companies alleged that these products from China were sold below the fair value of the products in the U.S. market with dumping margins from 99.32 percent to 110.25 percent, and Chinese producers and exporters also received improper government subsidies.
Imports of these products from China were estimated at $313 million last year, according to U.S. official data. ■