Souder Supports Nucor Efforts To Fight Unfair Trade Practices

Press Release

U.S. Rep. Mark Souder applauded the decision today by Nucor Fastener in St. Joe, Indiana to seek a formal investigation to determine if the Taiwanese and Chinese governments are providing subsidies to exporters of standard fasteners, such as structural bolts, nuts, and capscrews. Nucor filed antidumping and countervailing duty petitions with the U.S. Department of Commerce and the U.S. International Trade Commission.

"China and Taiwan should not be allowed to continue these cheating trade policies," Souder said. "Hoosier employees suffer when foreign governments make it impossible for American manufacturers to compete in a fair market place--we cannot have free trade if it isn't fair trade."

"I hope the U.S. Department of Commerce and the U.S. International Trade Commission will act swiftly to see this issue resolved," Souder added.

If the U.S. Department of Commerce and the U.S. International Trade Commission determine that China and Taiwan are, indeed, cheating in their trade practices, special antidumping and countervailing duties will be imposed on standard fasteners imported from China and Taiwan. The documents filed today allege average dumping margins for Chinese imports of 145 percent, and of 74 percent for imports from Taiwan.

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