Feds reject some structural beam complaints
By Staff -- Purchasing, 10/7/1999
The International Trade Commission has agreed there is an indication of injury to the U.S. steel industry from allegedly underpriced imports of structural steel beams from Japan and South Korea, but dropped complaints against Germany and Spain. The five-to-one ITC vote allows Commerce to further study allegations by U.S. steelmakers that foreign producers have been dumping the beams in the U.S. market at below fair market value."We are obviously pleased the cases are continuing against the countries that have caused the biggest problems," says Michael Venie, senior VP of Northwestern Steel & Wire, one of the plaintiffs. The other firms involved are Nucor-Yamato Steel and Chaparral Steel, plus the United Steelworkers of America union.
Commerce Department will set preliminary anti-dumping duties in the Asian cases by year-end at the earliest. Commerce will set preliminary countervailing duties against alleged Korean subsidies by the beginning of October. U.S. mills alleged dumping margins of up to 78% for Japanese mills and up to 138% for Korean mills. These are high enough in both cases to keep these major suppliers out of the market, at least until final rulings on the trade cases are made next year.
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