Senators want anti-dumping orders to stand on imported rebar
by MBJ Staff
Published: June 18,2013
WASHINGTON, D.C. – U.S. Sens. Thad Cochran and Roger Wicker (R-Miss.) are supporting a decision to maintain existing anti-dumping orders against unfairly subsidized imports of steel concrete rebar that harm American manufacturers.
Cochran and Wicker in April signed a letter encouraging the U.S. International Trade Commission (USITC) to extend the anti-dumping duties now imposed on rebar produced in China, Indonesia, Ukraine, Latvia, Belarus, Moldova and Poland.
The USITC completed its review of the anti-duty case and determined “the existing orders on the rebar under review will remain in place.” The announcement followed a mandatory review to determine whether revoking anti-dumping or countervailing duties would likely lead to material injury to domestic producers.
“The decision to keep the anti-dumping duties on imported rebar in place is great news for the steel industry in the United States,” Cochran said. “I am hopeful that the overall health of this industry, and the jobs it supports, will benefit from a level playing field with international competition.”
Cochran and Wicker were among a dozen senators who argued that extending the duties would be critical to protecting American-made rebar imports that are illegally undercutting the U.S. market. The letter they signed in April pointed out that a November 2012 review by the U.S. Department of Commerce found that if the anti-dumping orders were not maintained, producers in these seven countries would resume dumping rebar into the United States at margins ranging from 16.99 percent to 232.86 percent.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Winchester lands $50M ammunition contract from Homeland Security
- Canadian company purchasing Southern Lumber for nearly $50M
- Deer processors need to use caution to insure safe, tasty venison
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Lawmakers question education leaders about escalating administrative costs
- Peavey Electronics reorganizing under new globalization plan
- Travis retiring as head of Mississippi World Trade Center
- Drew Brees settles lawsuit alleging investment fraud
- Court rules board can discipline West Virginia radiologist