U.S. imposes dumping, subsidy duties on concrete steel wire imports
The U.S. International Trade Commission has decided to impose antidumping duties on imports of concrete steel wire strand from Brazil, India, Mexico, South Korea and Thailand.
In addition, the agency approved countervailing duties of 62.92 percent on these imports from India to offset subsidies in production there.
In 2002, the United States imported concrete steel wire strand in the amount of $4.4 million from Brazil, $3.3 million from India, $14.6 million from Mexico, $11.2 million from Korea, and $1.8 million from Thailand.
An International Trade Commission investigation revealed that the commodity was imported into the country at prices well below the domestic price.
The International Trade Commission calculated the final dumping margins:
*Brazil: Belgo Bekaert S.A. and all others at 118.75 percent.
*India: Tata Iron and Steel Co. at 102.07 percent and all others at 83.65 percent.
*Mexico: Camesa at 62.78 percent, Cablesa at 77.2 percent, and all others at 62.78 percent.
*South Korea: Dong-Il Steel Mfg. Co. Ltd. at 54.19 percent; Kiswire Ltd. at 54.19 percent, and all others at 35.64 percent.
*Thailand: Siam Industrial Wire Co. and all others at 12.99 percent.