Commerce Department Issues Final Determinations on PC Wire Strand
The U.S. Department of Commerce (DOC) has issued a final determination in the antidumping and countervailing duty investigations on imports of PC wire strand. In the event that the U.S. international Trade Commission (ITC) reaches an affirmative final injury determination, which is expected next month, the DOC will impose an antidumping order on PC strand ranging up to 119 percent on imports from Brazil; 102 percent on imports from India; 54 percent on Korean imports; 77 percent on Mexican product; and 13 percent on Thai imports. A countervailing duty order will be issued on PC strand from India.
PC strand is used as reinforcement in high-strength concrete structures, such as parking decks, commercial and institutional construction, bridges and pilings. In 2002, the U.S. market for PC strand was about $190 million.
These investigations were brought by Sumiden Wire Products Corp. of Stockton, California, Spring Wire Corp. of Bedford Heights, Ohio and Insteel Wire Products Co. of Mount Airy, N.C.