China, Germany and Turkey Focus of Antidumping Cases Filed by U.S. Steel Wire Rod Producers
On November 10, 2005, the U.S. wire rod industry filed antidumping duty petitions with the U.S. Department of Commerce and U.S. International Trade Commission alleging that wire rod products from the People's Republic of China (PRC), Germany and Turkey have been sold in the U.S. at less than fair value and are causing or threatening material injury to the U.S. wire rod sector. Carbon steel wire rod is an intermediate product that is ultimately used for the manufacture of wire and wire products such as coat hangers, fasteners, wire mesh, tire cord, and chain link fencing. The petition claims that wire rod imports from the three countries increased from 958,000 tons in 2002 to over 1.8 million tons in 2004 and have captured an increasing share of the U.S. market, jumping from 12% in 2002 to 28% of the domestic market in the first half of 2005. The petitioners are Connecticut Steel Corporation, Wallingford, CT; Gerdau Ameristeel, Tampa, FL; Keystone Consolidated Industries, Inc., Dallas, TX; Mittal Steel U.S.A.-Georgetown, Georgetown, SC; Rocky Mountain Steel Mills, Pueblo, CO. These same companies filed antidumping petitions in 2001 that led to the imposition of antidumping duties on wire rod from Brazil, Canada, Indonesia, Mexico, Moldova, Trinidad and Tobago and Ukraine.