Error processing SSI file
NEWS RELEASE 02-062; July 19, 2002 July 19, 2002
News Release 02-062
Invs. Nos. 731-TA-955, 960, & 963 (Preliminary) (Remand)

ITC FINDS ON REMAND A REASONABLE INDICATION OF INJURY TO U.S. INDUSTRY BY IMPORTS OF CARBON AND CERTAIN ALLOY STEEL WIRE ROD FROM EGYPT, SOUTH AFRICA, AND VENEZUELA

The United States International Trade Commission (ITC) today determined on remand that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from Egypt, South Africa, and Venezuela that are allegedly sold at less than fair value.

Chairman Deanna Tanner Okun, Vice Chairman Jennifer A. Hillman, and Commissioners Marcia E. Miller and Stephen Koplan, who previously found these imports negligible, made affirmative determinations on remand. Commissioner Lynn M. Bragg, who previously made an affirmative threat determination, made an affirmative present injury determination on remand.

In October 2001, the Commission made negligibility determinations in antidumping investigations regarding wire rod imports from Egypt, South Africa, and Venezuela and terminated those investigations pursuant to statute. The Commission's determinations were appealed to the U.S. Court of International Trade (CIT). On June 20, 2002, the CIT issued an opinion requiring the Commission to reconsider its terminations given the modified scope of investigations issued by the Department of Commerce ("Commerce") on April 10, 2002.

The ITC's remand determination will be delivered to the CIT by August 2, 2002.

The ITC's public report Carbon and Certain Alloy Steel Wire Rod from Egypt, South Africa, and Venezuela (Views on Remand) (Invs. Nos. 731-TA-955, 960, and 963 (Preliminary) (Remand), USITC Publication 3529, August 2002) will contain the views of the Commission. Copies of the report are expected to be available after August 23, 2002, 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.

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