For Immediate Release: June 9, 2008
Contact: Brittany Eck (202) 482-3809
COMMERCE FINDS UNFAIR DUMPING OF STEEL NAILS FROM CHINA
WASHINGTON – The U.S. Department of Commerce today announced its affirmative final determination in the antidumping duty (AD) investigation of imports of certain steel nails from China. Commerce also announced its negative final determination in the AD investigation of imports of certain steel nails from the United Arab Emirates (UAE). The investigations covered certain steel nails, having a shaft length of up to 12 inches, and produced from various grades of steel and have a variety of finishes, heads, shanks, points, and sizes.
“America’s competitiveness is unfairly compromised by Chinese price discrimination in the global marketplace,” said Assistant Secretary for Import Administration David Spooner. “The Administration continues its commitment to aggressively enforce America’s trade remedy laws so that Americans can benefit from fair and free trade.”
Commerce determined that exporters from China have sold steel nails in the United States at 0 to 118.04 percent less than normal value. China’s two mandatory respondents, Paslode Fasteners (Shanghai) Co., Ltd., and Xingya Group, received final rates of 0 percent and 21.24 percent, respectively. In addition, 64 respondents qualified for a separate rate of 21.24 percent. All other Chinese exporters received the China-wide rate of 118.04 percent.
As a result of the affirmative final determination in the China investigation, Commerce will instruct U.S. Customs and Border Protection (CBP) to continue to collect a cash deposit or bond on entries of steel nails from China based on the final rates for all companies, except Paslode Fasteners (Shanghai) Co., Ltd.
Commerce has also determined that exporters from the UAE have not sold steel nails in the United States at less than normal value. The UAE’s mandatory respondent, Dubai Wire FZE/Global Fasteners Ltd., received a final rate of 0 percent. All other UAE exporters also received a final rate of 0 percent. Therefore, the UAE investigation will terminate and Commerce will instruct CBP not to suspend liquidation of entries from the UAE, and to refund any cash deposit or release any bond.
The U.S. International Trade Commission (ITC) is scheduled to issue its final injury determination in the China investigation on or before July 21. If the ITC determines that imports from China are injuring or threaten injury to the domestic industry, Commerce will issue an AD order. If the ITC makes a negative injury determination, the China investigation will be terminated.
The petitioners for these investigations are: Mid Continent Nail Corporation (Mo.); Davis Wire Corporation (Calif.); Gerdau Ameristeel Corporation (Atlas Steel & Wire Division) (Fla.); Maze Nails (Division of W.H. Maze Company) (Ill.); Treasure Coast Fasteners, Inc. (Fla.); and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union (Pa.).
Dumping occurs when a foreign company sells a product in the United States at less than fair value. For more information about Import Administration or for the fact sheet on today’s decision, please visit www.trade.gov/ia.
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