Nucor Fastener To Press for Full ITC Investigation
FEATURE
The ITC reaffirmed its original 2009 dismissal of the Nucor Fastener dumping case, which the U.S. Court of International Trade had remanded to the ITC in September after finding fault with some of the commission’s data for determining injury.
“Wow. I guess the message has been sent,” one fastener veteran posted on Twitter.
But Nucor Fastener insists imported fasteners were dumped on the market, putting unrealistic price pressure on domestic fastener producers during a time of decreasing demand. And to that end, the company intends to continue pursuing tariffs.
“The imports that were subject to the investigation had greater than 50% market share,” Nucor Fastener trade counsel Dan Pickard of Wiley Rein LLP told GlobalFastenerNews.com.
The ITC reaffirmed its original 2009 dismissal of the Nucor Fastener dumping case, which the U.S. Court of International Trade had remanded to the ITC in September after finding fault with some of the commission’s data for determining injury.
But Nucor Fastener insists imported fasteners were dumped on the market, putting unrealistic price pressure on domestic fastener producers during a time of decreasing demand. And to that end, the company intends to continue pursuing tariffs.
“The imports that were subject to the investigation had greater than 50% market share,” Nucor Fastener trade counsel Dan Pickard of Wiley Rein LLP told GlobalFastenerNews.com.
Click HERE for the full story.
Related Stories:
• ASTM Publishes Zinc Coating Fastener Specification
• Chun Yu Reaps Rewards of R&D and Capacity Investments
• ASTM Releases New Standard Spec for Steel Bolts
• Dorman Products Downgraded by Zacks
• Interfast CEO Counsels Patience in Chinese Market
• Fastener Manufacturer Wins Speed Rail Contract
• 2011 FIN Fastener Stock Index Rises
• Former Textron Fastening Factory Back From Brink
• Fastener Technology Doubles Facility Size in Solar Market Pursuit
• MSC Sees “Incredible Land Grab Opportunity”
There are no comments at the moment, do you want to add one?
Write a comment