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Washington, D.C. – AWP Industries, ITC Manufacturing, J&L Wire Cloth and Nashville Wire Products have filed antidumping and countervailing duty petitions, charging that dumped and subsidized imports of wire decking from the People's Republic of China cause material injury to the domestic industry. The petitioners allege dumping margins ranging from 116 to 312 percent, with an average margin of 218 percent, and also allege that significant subsidies have been provided to Chinese wire decking producers by the Chinese Government.

According to the petition, imports of wire decking from China have increased significantly since 2006 and are displacing sales and market share of U.S. producers. The import increases continued in the first quarter of 2009, despite the decline in demand, leading to a surge in market share for China. Imports of wire decking from China accounted for 95 percent of all decking imports in the United States in recent years. The increases in Chinese imports have been on the basis of low prices that undercut the prices of competing U.S. products. As a result, U.S. producers of wire decking have suffered declines in production, shipments and underutilized capacity since 2006. A number of U.S. producers were also forced to permanently lay off employees. The financial performance of the industry has deteriorated significantly due to competition from lower priced imports, with profits falling to losses in 2009.

As a result of the filing of the petitions, the United States Department of Commerce will determine whether to initiate investigations within 20 days, and the United States International Trade Commission will reach a preliminary determination of material injury or threat of material injury within 45 days. The entire investigative process takes approximately one year, and final determinations of injury, dumping and subsidies will occur in mid-2010.

Read the full story at prnewswire.com.

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