Commerce Begins AD/CVD Investigations on Steel Wire Rod from China
The Commerce Department is beginning antidumping and countervailing duty investigations on carbon and alloy steel wire rod from China, according to a Feb. 21 fact sheet released by the agency. A group of domestic steel companies on Jan. 31 requested the investigations, alleging increased imports of Chinese steel wire rod is reducing domestic industry’s market share, while underselling of Chinese wire rod is hurting their profitability (see 14020323).
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The International Trade Commission is set to make its preliminary injury determination by March 17. These AD/CV duty investigations will only continue if the ITC finds injury. ITT will provide more details upon publication of the initiation notice in the Federal Register.