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November 16th, 2009
- General
Washington D.C. - US to continue with import curbs on Indian steel wire strand.
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| The US has decided to continue with restrictions on import of a steel product from India and five other countries by way of extra duties on the commodity. The US International Trade Commission (ITC) at its meeting on Tuesday decided to continue with countervailing duty on prestressed concrete steel wire strand from India. It also decided that anti-dumping duties on this product from Brazil, India, Korea, Mexico, Thailand, Japan will continue. All the six members of the Commission supported the decision. ITC has determined that revoking the existing import restrictions on prestressed concrete steel wire strand from India and four other countries would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time, the Commission in a statement.
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