U.S. Commerce Dept. Initiates Investigation on Standard Fastener Imports from China and Taiwan
10/15/2009
FEATURE
The U.S. Department of Commerce officially initiated antidumping (AD) and countervailing (CVD) investigations on imports of certain standard steel fasteners from China and Taiwan.
The petitions, filed by Nucor Fastener on September 23, allege average dumping margins of 145% for Chinese imports, and 74% for imports from Taiwan.
“From 2006 to 2008, imports of certain standard steel fasteners from China increased by 4.48% and were valued at an estimated $291 million in 2008. Imports from Taiwan over the same time period decreased by 19.09% and were valued at an estimated $395 million in 2008,” the Commerce Department’s International Trade Administration stated.
Attorneys for Nucor Fastener are currently finalizing the petitions’ scope with the U.S. Department of Commerce.
“The heart of this investigation is focused on standard bolts, standard cap screws and standard nuts,” Nucor Fastener attorney Daniel Pickard told FIN.
The original scope of Nucor Fastener’s petitions includes “ASTM A194, ASTM A307, ASTM A307A, ASTM A325, ASTM A325M, ASTM A325T, ASTM A325-3, ASTM A354, ASTM A354 (grade BD), ASTM A449, ASTM A490, ASTM A490-3, ASTM A563 (grades C, C3, DH, and DH3), ASTM F568, ASTM F1852, ASTM F2280, SAE 2, SAE 5, SAE 8, SAE J429, SAE J1199, ISO 898-1, ISO 898-2, ISO 4759-1, ISO 8992, and the IFI’s ‘Inch Fastener Standards’ and ‘Metric Fastener Standards.'”
All stainless steel fasteners are excluded from the scope. Also excluded are “proprietary or modified fasteners” made to aerospace and automotive OEM specs and consumed by those OEMs.
Any person may submit to the Commission on or before October 19, 2009, a written brief containing information and arguments pertinent to the subject matter of the investigations. These briefs must be mailed to: United States International Trade Commission, Office of Investigations, Room 615, 500 E Street SW, Washington, DC 20024. ©2009 GlobalFastenerNews.com
For complete coverage of Nucor’s trade dispute, subscribe to GlobalFastenerNews.com.
Related Stories:
• Importers Challenge U.S. Tariffs on Chinese and Taiwan Standard Fasteners
• Details Emerge on Scope of U.S. Antidumping Case Against China and Taiwan
• Fastener Industry Responds to AD & Countervailing Petitions
• China Requests WTO Panel To Investigate EU Screw Tariffs
Related Links:
There are no comments at the moment, do you want to add one?
Write a comment