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NEWS RELEASE 98-009; MARCH 9, 1998 March 9, 1998
News Release 98-009
Inv. No. 731-TA-763-766 (F)

CERTAIN STEEL WIRE ROD
FROM CANADA, GERMANY, TRINIDAD AND TOBAGO, AND VENEZUELA
DOES NOT INJURE U.S. INDUSTRY, SAYS ITC

The United States International Trade Commission (ITC) has made negative final determinations that an industry in the United States is neither materially injured nor threatened with material injury by reason of imports of certain steel wire rod from Canada, Germany, Trinidad and Tobago, and Venezuela that the U.S. Department of Commerce has determined are sold in the United States at less than fair value.

The negative determinations resulted as follows. With respect to imports of certain steel wire rod from Canada, Germany, and Venezuela, the negative determinations resulted from 2-1 votes. Chairman Marcia Miller and Vice Chairman Lynn Bragg voted in the negative; Commissioner Carol T. Crawford voted in the affirmative. With respect to imports of certain steel wire rod from Trinidad and Tobago, the negative determinations resulted from 3-0 votes, with all three Commissioners voting in the negative.

The ITC's votes in these final phase antidumping investigations were held on March 9, 1998, under section 735(b) of the Tariff Act of 1930. As a result of the negative determinations, no antidumping duties will be imposed on these products.

The Commission's public report Certain Steel Wire Rod from Canada, Germany, Trinidad and Tobago, and Venezuela (Investigations Nos. 731-TA-763-766 (final), USITC Publication 3087, March 1998) will contain the views of the Commission and information developed during the investigations.

Copies may be obtained after March 30, 1998, by calling 202-205-1809 or from the Office of the Secretary, 500 E Street SW, Washington, DC 20436. Requests may also be made by fax to 202-205-2104.


UNITED STATES INTERNATIONAL TRADE COMMISSION
Office of Industries
Washington, D.C. 20436

FACTUAL HIGHLIGHTS

Certain Steel Wire Rod from
Canada, Germany, Trinidad and Tobago, and Venezuela
Investigations Nos. 731-TA-763-766 (Final)

Product Description:
Certain hot-rolled carbon steel and alloy steel products, in coils, of approximately round cross section, between 5 mm (0.20 inch) and 19 mm (0.75 inch), inclusive, in solid cross-sectional diameter. Excluded from the scope of these investigations are tire cord wire rod, valve spring quality wire rod, semifinished class III pipe wrapping wire rod, wire rod of certain steel grades (stainless steel, tool steel, high nickel steel, ball bearing steel, certain free-machining steel), and concrete reinforcing bars and rods.

Status of Proceedings:
     1.   Type of investigation:  Final antidumping.
     2.   Petitioners:  Connecticut Steel Corp., Co-Steel Raritan, GS Industries, Keystone Steel &
     		Wire Co., North Star Steel Texas, and Northwestern Steel & Wire.
     3.   Investigation instituted by USITC:  Feb. 26, 1997.
     4.   Hearing:  Oct. 16, 1997.
     5.   USITC countervailing duty vote:  Nov. 19, 1997.
     6.   USITC countervailing duty notification of Commerce:  Nov. 28, 1997.
     7.   USITC antidumping vote:  March 9, 1998.
     8.   USITC antidumping notification of Commerce:  March 17, 1998.

U.S. Industry:
     1.   Number of producers in 1996:  17.
     2.   Location of producers' plants:  Production facilities are primarily located in Arizona,
		Connecticut, Illinois, Missouri, New Jersey, South Carolina, and Texas.
     3.   Employment of production and related workers in 1996:  3,103.
     4.   U.S. producers' shipments in 1996:  5,420,759 short tons.
     5.   U.S. consumption in 1996:  7,472,788 short tons.
     6.   Ratio of quantity of unfair imports to U.S. consumption in 1996: (1). 

U.S. Imports:
     1.   Quantity and value of subject imports of certain steel wire rod in 1996: (1).
     2.   Leading sources of imports in 1996 (by quantity):  Canada, Trinidad and Tobago,
      Germany, Japan, Venezuela, and Mexico.
(1) Withheld to avoid disclosure of confidential business information.

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