May 29, 2009

TRADE WAR: US Steel Strand Makers File Suit

Three American manufacturers of PC steel strand located in three impoverished counties in Ohio, Tennessee, and North Carolina, have filed an anti-dumping and countervailing duty suit against imports of Chinese PC steel strand. Decision to pursue will come within 45 days. The petitioners are American Spring Wire Corp. of Bedford Heights, Ohio, (poverty rate in '07 was 15.7%), Insteel Wire Products Co. of Mt. Airy, North Carolina, (in '07 17.5% mired in poverty), and Sumiden Wire Products Corp. of Dickson, Tennessee, (over 12% poverty rate back in 2007).

PC steel strand is used in pre-stressed concrete materials important in infrastructure projects such as bridges and foundations. Just 2 weeks ago, the European Union imposted duties of up to 46.2% on Chinese steel strand for the next 5 years....

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