Investors reported on May 16, 2011 that The United States International Trade Commission (USITC) determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of galvanized steel wire from China that are allegedly subsidized and from China and Mexico that are allegedly sold in the United States at less than fair value.

All six Commissioners voted in the affirmative.

As a result of the Commission's affirmative determinations, the U.S. Department of Commerce will continue to conduct its countervailing duty investigation on imports of this product from China and its antidumping duty investigations on imports of this product from China and Mexico, with its preliminary countervailing duty determination due on or about June 24, 2011, and its preliminary antidumping duty determination due on or about September 7, 2011.

The imported merchandise covered by the scope of these investigations is galvanized steel wire. This product consists of all galvanized steel wire with a diameter of 0.5842 mm (0.0230 inches) or larger, plated or coated with zinc (whether by hot-dipping or electroplating). Galvanized steel wire is an intermediate product used to make corrosion resistant wire products such as fencing, bale ties, chicken coop wire, stucco netting, woven wire mesh, filter wire mesh, vineyard wire, wire cloth, wire shelving, wire racks, wire decking, and wire rope.