March 17, 2003
News Release 03-031
Invs. Nos. 701-TA-432 and 731-TA-1024-1028 (Preliminary)

ITC VOTES TO CONTINUE CASES ON PRESTRESSED CONCRETE STEEL WIRE STRAND FROM BRAZIL, INDIA, KOREA, MEXICO, AND THAILAND

The United States International Trade Commission (ITC) today determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of prestressed concrete steel wire strand from India that are allegedly subsidized and from Brazil, India, Korea, Mexico, and Thailand that are allegedly sold in the United States at less than fair value.

Chairman Deanna Tanner Okun, Vice Chairman Jennifer A. Hillman, and Commissioners Marcia E. Miller and Stephen Koplan voted in the affirmative.

As a result of the Commission's affirmative determinations, the U.S. Department of Commerce will continue to conduct its countervailing duty investigation of imports of prestressed concrete steel wire strand from India and its antidumping investigations of these imports from Brazil, India, Korea, Mexico, and Thailand, with its preliminary countervailing duty determination due on or about April 28, 2003, and its preliminary antidumping determinations due on or about July 10, 2003.

The Commission's public report Prestressed Concrete Steel Wire Strand from Brazil, India, Korea, Mexico, and Thailand (Investigations Nos. 701-TA-432 and 731-TA-1024-1028 (Preliminary), USITC Publication 3589, March 2003) will contain the views of the Commission and information developed during the investigations.

Copies of the report are expected to be available after April 14, 2003, by calling 202-205-1809 or from the Office of the Secretary, 500 E Street SW, Washington, DC 20436. Requests may also be faxed to 202-205-2104.


UNITED STATES INTERNATIONAL TRADE COMMISSION
Office of Industries
Washington, DC 20436

FACTUAL HIGHLIGHTS

Prestressed Concrete Steel Wire Strand from Brazil, India, Korea, Mexico, and Thailand
Investigations Nos. 701-TA-432 and 731-TA-1024-1028 (Preliminary)

Product Description: The imported product subject to these investigations is prestressed concrete steel wire strand, which is strand produced from wire of non-stainless, non-galvanized steel, and which is suitable for use in both pre-tensioned and post-tensioned prestressed concrete applications. The subject product includes all types, grades, and diameters of both covered and uncovered strand.

Status of Proceedings:

1. Type of investigations:  Preliminary countervailing duty and antidumping.
2. Petitioners:  American Spring Wire Corp., Bedford Heights, OH; Insteel Wire Products
     Co., Mt. Airy, NC; and Sumiden Wire Products Corp., Stockton, CA. 
3. Preliminary investigations instituted by the USITC:  January 31, 2003.
4. Commission's conference:  February 21, 2003.
5. USITC vote:  March 17, 2003.
6. USITC determinations to the U.S. Department of Commerce:  March 17, 2003.


U.S. Industry:

1. Number of producers in 2002:  Five.
2. Location of producers' plants:  California, Florida, Georgia, Ohio, South Carolina, Tennessee,
     and Texas.
3. Employment of production and related workers in 2002:  306.
4. Apparent U.S. consumption in 2002:  $190,077,000.
5. Ratio of the value of total U.S. imports to total U.S. consumption in 2002:  28.9 percent.

                                                  
U.S. Imports:                                     

1. From the subject countries during 2002:  $39,799,000.
2. From other countries during 2002:  $15,108,000.
3. Leading sources during 2002: Mexico and Korea (in terms of total value).

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