Steel Industry Applauds Wire Rod Imports Decision

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For Immediate Release
November 14, 2014

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) applauded the decision by the Department of Commerce (DOC) yesterday to impose duties on wire rod from China. 

“A number of our steel producing members have been adversely impacted by the dumping of wire rod by China, and we are pleased that the Department of Commerce recognized the severity of the dumping taking place,” said Thomas J. Gibson, AISI president and CEO. “Significant duties are necessary to offset the level of dumping taking place, which has injured the American steel industry and our workers. The DOC decision yesterday is a significant step in ensuring aggressive enforcement of our trade laws.”

DOC’s determined that carbon and certain alloy steel wire rod from China had been sold in the United States at dumping margins ranging from 106.19 percent to 110.25 percent, and that Chinese producers and exporters of these products have received subsidies ranging from 178.46 percent to 193.31 percent.

“Our steel producers can compete against anyone in the world, if the rules of international trade against dumping and subsidies are enforced. This decision is a positive step in our ongoing efforts to enhance our industry’s competitiveness and put us on a level playing field,” Gibson concluded.

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AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 20 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI's website at www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel).