The U.S. International Trade Commission on Monday determined that there’s “reasonable indication” that the U.S. steel nail industry is harmed by imports from from Korea, Malaysia, Oman, Taiwan, and Vietnam, and will continue its antidumping and countervailing duty investigations.
As a result of the ITC’s determination, the Commerce Department will continue to conduct its investigations on nail imports from these countries, with its preliminary countervailing duty determinations due by Aug. 22 and its antidumping duty determinations due by Nov. 5.
The petitioner for the investigation is Mid Continent Nail Corp. of Poplar Bluff, Mo. There are nine U.S. steel nail producers with plants in California, Colorado, Connecticut, Illinois, Indiana, Massachusetts, Missouri, Ohio, Rhode Island, and Texas.
The ITC estimates that the countries under investigation shipped $334.3 million of steel nails to the United States in 2013, with the leading sources in terms of value being China, Taiwan, Korea and Oman.