U.S. Initiates Nail Antidumping Investigations Against China, UAE
U.S. Initiates Nail Antidumping Investigations Against China, UAE
John Wolz
The U.S. Department of Commerce’s International Trade Administration announced it is initiating antidumping duty investigations of imports of steel nails from China and the United Arab Emirates.
The steel nails involved have a shaft length of up to 12 inches, various grades of steel and a variety of finishes, heads, shanks, points, and sizes. The investigations exclude roofing nails of any length or diameter, either collated or in bulk, and whether or not galvanized. Also excluded are steel nails suited for powder-actuated hand tools, not threaded and threaded.
The Commerce Department found that from 2004 to 2006, imports of certain steel nails from China increased 79% by volume and were valued at an estimated US$452 million in 2006. Imports from the UAE increased 12% by volume and were valued at an estimated $70 million in 2006.
The U.S. International Trade Commission will make its preliminary injury determinations on or about July 30. If the ITC determines that there is a reasonable indication that imports from China or the UAE are materially injuring, or threatening material injury to, the domestic industry, the investigation(s) will continue, and Commerce will be scheduled to make its preliminary determinations in November 2007.
Five U.S. nail manufacturers filed the anti-dumping petitions alleging imports from China and the United Arab Emirates are causing material injury to the U.S., according to STAFDA Trade News. The petitions ask the U.S. International Trade commission to impose antidumping duties on nail imports to offset sales at less than fair value. The petitioners allege margins of 59% to 135% for China and 98% to 114% for the UAE.
Chinese and UAE nail exports total 75% of the imported nails.
With the USITC decision, the U.S. Commerce Department now has up to 160 days to announce preliminary duties. The U.S. Customs & Border Protection agency then requires importers to pay cash deposits or post bonds. The anti-dumping process can take about a year.
Three Specialty Tools & Fastener Distributors Association members Mid-Continent Nail Corp., Gerdau Ameristeel, Atlas Steel & Wire, Maze Nails and two other producers Davis Wire and Treasure Coast Fasteners filed the petitions. Web: stafda.org �2007 FastenerNews.com
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