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U.S. Phosphor Copper Industry Files Trade Remedy Case Against Unfairly Priced Imports from Korea
Washington, DC – Today, Metallurgical Products Company (Metallurgical), a producer of phosphor copper in West Chester, Pennsylvania, filed a petition on behalf of the domestic phosphor copper industry, asking the U.S. Department of Commerce (Commerce) and the U.S. International Trade Commission (ITC) to conduct an antidumping duty investigation into Korean imports of phosphor copper. The petition asserts a dumping margin ranging from 13.79% to 60.73%.
As a result of dumping, the U.S. phosphor copper industry is experiencing severe harm on multiple fronts. Production, profitability, and employment levels have all suffered as a result of the unfair pricing of Korean imports. Korean import levels have steadily increased over the past few years, costing U.S. manufacturers sales and injuring American workers.
“The Korean industry is using unfair pricing practices to capture sales from U.S. producers, and this is hurting U.S. companies and their employees,” said Daniel B. Pickard, counsel to Metallurgical and a partner in the International Trade Practice at Wiley Rein LLP. Metallurgical is a 107-year-old, family-owned business, with more than a century of experience serving the U.S. market. “U.S. manufacturers, like Metallurgical, can effectively compete with producers throughout the globe. However, they should not have to compete against imports that are unfairly priced in violation of international and U.S. legal obligations. Antidumping investigations provide a meaningful remedy by creating a level playing field in the U.S. market,” said Mr. Pickard.
Commerce will initiate an antidumping duty investigation within 20 days of the date of the petition filing. The ITC’s preliminary injury determination is expected in April 2016, and Commerce is expected to make its preliminary determination within six months of initiation. A final determination is due in 9 to 13 months.