Domestic Producers Celebrate ITC Unanimous Injury Finding In Investigations Of PC Tie Wire From China And Mexico, says Kelley Drye

WASHINGTON, June 3, 2014 /PRNewswire-USNewswire/ -- The U.S. International Trade Commission determined today that the domestic industry producing prestressed concrete steel rail tie wire ("PC tie wire") was being materially injured by dumped imports from China and Mexico.  All six members of the Commission voted in the affirmative. As a result of today's vote and the earlier final determinations of dumping by the U.S. Department of Commerce, antidumping orders will be imposed against imports of PC tie wire from China and Mexico. Commerce found that Chinese producers were dumping PC tie wire at a level of 31.40 to 35.31 percent and that Mexican producers were dumping at  a level of 9.99 percent. 

Today's decision is the culmination of investigations instituted in April 2013 in response to petitions filed by Davis Wire Corp. of Kent, Washington, and Insteel Wire Products Co. of Mount Airy, North Carolina.  Petitioners alleged that substantial and increasing volumes of dumped imports were undercutting U.S. prices, displacing U.S. producer market share and hurting the domestic industry financially. 

"Dumped imports of PC tie wire decimated the domestic industry, causing prolonged shutdowns of facilities and leaving this industry close to the brink of extinction," commented Kathleen W. Cannon, the domestic industry's trade counsel. "Imposition of remedial duties was critical so U.S. manufacturers are not forced to cede yet another product and another manufacturing industry to unfairly traded imports."

Prestressed concrete steel rail tie wire is a high carbon steel wire suitable for use as prestressed tendons in concrete railroad ties.  Petitioners were represented in these actions by Kathleen W. Cannon, Paul C. Rosenthal and R. Alan Luberda of the law firm Kelley Drye & Warren, LLP.

SOURCE Kelley Drye & Warren LLP

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