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U.S. Department of Commerce Announces Affirmative Preliminary Decision in Trade Case Against Imports of Phosphor Copper from Korea
Washington, DC—Today, the U.S. Department of Commerce found preliminarily that phosphor copper imports from Korea are being sold in the United States at less than fair value. The ruling requires importers to place cash deposits or post bonds for estimated dumping duties on Korean phosphor copper imported into the United States on or after the publication date of the government’s preliminary determination.
“This ruling confirms the prevalence of unfair pricing of imports from Korea,” said Daniel B. Pickard, a partner in Wiley Rein’s International Trade Practice and counsel to petitioner Metallurgical Products Company. “Imports from Korea surged into the United States at unprecedented volumes. Domestic producers and their workers have suffered enormously due to the dumping of phosphor copper. The next step is that the Department of Commerce will audit the Korean producer’s books and records to confirm the reported sales and cost information before calculating a final dumping margin.”
The U.S. International Trade Commission unanimously found that there is a reasonable indication that the U.S. phosphor copper industry is materially injured or threatened with material injury due to dumped imports of phosphor copper from Korea. The case was brought on March 9, 2016 by Metallurgical, a 107-year-old family-owned business based in West Chester, Pennsylvania.