The U.S. Department of Commerce announced its preliminary findings in the antidumping duty investigations on imports of steel nails from China and the United Arab Emirates. Commerce determined that Chinese and UAE producers/exporters will pay from 20.77% to 118.04% and 4.47 percent in duties.
Dumping occurs when a foreign company sells a product in the U.S. at less than fair value. Final approval of duties should occur by mid-summer.
The merchandise covered by these investigations is steel nails of up to 12 inches. Nails that are subject to these investigations have a variety of finishes, heads, shanks, points, and sizes.
Mid Continent Nail Corporation (MO); Davis Wire Corporation (CA); Gerdau Ameristeel Corporation (Atlas Steel &Wire Division) (FL); …
Commerce Dept: Duties on Nails for Chinese, UAE Producers
The U.S. Department of Commerce announced its preliminary findings in the antidumping duty investigations on imports of steel nails from China and the United Arab Emirates. Commerce determined that Chinese and UAE producers/exporters will pay from 20.77% to 118.04% and 4.47 percent in duties.
Dumping occurs when a foreign company sells a product in the U.S. at less than fair value. Final approval of duties should occur by mid-summer.
The merchandise covered by these investigations is steel nails of up to 12 inches. Nails that are subject to these investigations have a variety of finishes, heads, shanks, points, and sizes.
Mid Continent Nail Corporation (MO); Davis Wire Corporation (CA); Gerdau Ameristeel Corporation (Atlas Steel &Wire Division) (FL); …
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