May 31, 2019
Following the U.S. Department of Commerce’s (“Commerce”) preliminary affirmative determination in its antidumping (AD) investigation of Aluminum Wire and Cable imports from China on Thursday, Southwire shared the following commentary:“As a company, we support Commerce’s preliminary determination in the antidumping investigation of aluminum wire and cable imports from China,” said Norman Adkins, Southwire’s Executive Vice President and Chief Commercial Officer. “Our strong legacy of success is proof of Southwire’s ability to fairly compete in the marketplace. We have long been a believer in the power of free trade, and these findings better allow us to compete with Chinese producers of wire and cable on a level playing field.”This AD investigation addresses imports of aluminum wire and cable products from China in the 80-1000V range. These products include insulated wires and cables that are used across residential, commercial and industrial applications. In its findings, Commerce determined that Chinese manufacturers of these products have been selling these products into the U.S. market at less than fair market value.As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits ranging from 58.36% to 63.32% from importers of such aluminum wire and cable products from China based on these preliminary rates. The investigation is expected to conclude by the end of the year.“This determination is positive news for the U.S. wire and cable industry,” said Adkins. “With this announcement, we now have added protections against imported products from Chinese manufacturers who engage in unfair trade practices. As we’ve said many times before, we want our customers to have the best product at the best price, and this helps to uphold that objective.”For more Southwire news, stay tuned to southwire.com/newsroom.