galvanized steel wire from China-U.S. not to levy punitive duties
U.S. not to levy punitive duties on galvanized steel wire from China, Mexico
WASHINGTON, (Xinhua) -- The United States determined on Monday that it would not impose anti-dumping duties (AD) or countervailing duties (CVD) against imports of galvanized steel wire from China and Mexico.
The U.S. International Trade Commission (USITC) made a final determination that the U.S. industry was "not materially injured or threatened with injury by reason of imports of galvanized steel wire" from China and Mexico.
Four out of six USITC commissioners voted in the negative. As a result, no AD or CVD orders will be issued on these products from China and Mexico.
The U.S. Commerce Department claimed on March 20 that Chinese galvanized steel wire had been sold in the United States at dumping margins ranging from 194 percent to 235 percent, and they also had received countervailable subsidies between 19.06 percent and 223.27 percent.
The USITC revealed that last year the U.S. industry comprised 10 producers and 815 workers. The U.S. consumption market amounted at 792.73 million dollars and the imports took up 14.0 percent. Mexico, Canada and China were the three largest import sources.
In 2011, imports of steel wheels from China were valued at an estimated 57.963 million U.S. dollars, according to the Commerce Department.
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