The United States International Trade Commission voted last Friday to continue an investigation, first announced in May, of imported 53-foot dry containers used to move intermodal cargo within the U.S.
The ITC said there is "a reasonable indication that the establishment of a U.S. industry is materially retarded by reason of imports of 53-foot domestic dry containers from China that are allegedly subsidized and sold in the United States at less than fair value."
Chairman Irving Williamson and commissioners Dean Pinkert, David Johanson, and Rhonda Schmidtlein voted in the affirmative. Commissioners Meredith Broadbent and F. Scott Kieff voted in the negative.
The U.S. Department of Commerce will continue to conduct its investigations on imports of the containers, with its preliminary countervailing duty determination due on or about July 17 and its antidumping duty determinations due on or about Sept. 30.
The commission's public report 53-Foot Domestic Dry Containers from China (Investigation Nos. 701-TA-514 and 731-TA-1250 (Preliminary), USITC Publication 4474, June 2014) will contain the views of the commission and information developed during the investigations.
At the end of 2013, there were 1,473,124 domestic containers in use in the U.S., according to the Intermodal Association of North America.
In a notice to the Hong Kong Stock Exchange, one of the leading container manufacturers, Singamas Container Holdings, said domestic dry containers exported to the U.S. "only amounts to a relatively small portion of its revenue." The company also said that "the investigations ... will not result in a material adverse impact on the group's performance and financial position as a whole."
The investigation followed a petition from Stoughton Trailers, which has a plant in Evansville, Wisc.