U.S. threatens antidumping duties on steel wire from five countries

U.S. threatens antidumping duties on steel wire from five countries    The U.S. Commerce Department threatened to slap antidumping duties on concrete steel wire strand imports from five Latin American and Asian countries.
   In a final determination this week, Commerce said the steel wire imports from Brazil, India, Mexico, South Korea and Thailand had dumping margins of 13 percent to 119 percent. Imports of steel wire from these countries exceeded $35 million in 2002.
   Dumping is the import of goods at a price below the domestic market or a third-country price. A dumping margin is the ratio representing how much the fair-value price exceeds the dumped ratio.
   Imposition of antidumping duties will require final determinations from both Commerce and the International Trade Commission. The ITC’s determination is due by Jan. 15. If dumping is demonstrated, Commerce could assess antidumping duties retroactively to December 2002.