On Thursday, the US International Trade Commission unanimously determined that imports of certain steel nails from the United Arab Emirates (UAE) have in fact materially injured the domestic steel nail industry. Prior to today's vote, the Department of Commerce (DOC) announced its final determination that imports of steel nails from the UAE were being sold in the US at less than fair value, at margins up to 184.41 percent of the value of the goods. Today's vote by the ITC confirms that the dumped UAE imports are injuring the domestic industry. The case was brought by Mid Continent Nail Corporation.
The DOC will now issue an antidumping (AD) duty order on imports of steel nails from the UAE. The AD duty order will direct US Customs and Border Protection to collect cash deposits on steel nail imports from the UAE.
David Libla, President of Mid Continent Nail Corporation, stated that, "We are gratified and pleased by the Commission's ruling that imports of steel nails from the UAE have injured our domestic industry. UAE producers' shipments surged into the US market by almost 150 percent from 2008 to 2010, and significantly increased their market share by underselling US producers by significant margins. This determination helps to reestablish a competitive playing field."