Mittal Steel Trinidad passes Administrative Review favorably

Today the U.S. Department of Commerce (DOC) announced the preliminary result of its administrative review of the antidumping order against carbon and certain alloy steel wire rod from Trinidad and Tobago. The review covers Mittal Steel Point Lisas limited of Trinidad and Tobago and its affiliates, Mittal Steel North America Inc. and Mittal Walker Wire, Inc. The period under review is from October 1, 2004 through September 30, 2005. DOC calculated a preliminary dumping margin of 0.06% which is de minimis and compares favorably with the current dumping deposit rate of 4.13%. It is expected that the final determination will come out in March 2007. Until then, the current rate of 4.13% will stay in effect.