WASHINGTON, March 30, 2017 /PRNewswire/ -- In an important victory for U.S. producers of phosphor copper, the U.S. International Trade Commission (ITC), in a 5-0 vote, made an affirmative final determination today in the antidumping investigation on phosphor copper from Korea. The ITC found that U.S. phosphor copper producers have been materially injured by dumped imports of phosphor copper from Korea.
The ITC determination is in response to a March 2016 petition filed by Metallurgical Products Company (Metallurgical), a 108-year-old family-owned business based in West Chester, Pennsylvania. The petition alleged that unfairly dumped phosphor copper from Korea is injuring the U.S. industry and threatening the industry with additional injury.
"This final determination is a critical and positive step in restoring fair trade and providing much-needed trade relief to the U.S. phosphor copper industry," said Daniel B. Pickard, a partner in Wiley Rein's International Trade Practice and counsel to Metallurgical. "The results of this investigation will protect American jobs and help U.S. businesses recapture unfairly lost market share. We welcome the final determination on phosphor copper from Korea, and commend the ITC and the Commerce Department for their hard work on this investigation."
Prior to today's vote, the U.S. Department of Commerce determined that producers in Korea have been dumping phosphor copper into the United States at a margin of 8.43%. As a result of the ITC's final determination, an antidumping order will now be issued requiring antidumping duty cash deposits on all imports of phosphor copper from Korea.
Contact: Daniel B. Pickard
202.719.7285 | email@example.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/itc-makes-affirmative-injury-determination-in-antidumping-duty-case-against-imports-of-phosphor-copper-from-korea-300432168.html
SOURCE Wiley Rein LLP