U.K. maintains antidumping duties on Chinese wire rods

LONDON—The United Kingdom has decided to continue antidumping duties on the import of wire rods originating from China, following an investigation by the Trade Remedies Authority.

In a statement Nov. 10, the government announced it was accepting TRA's recommendation to maintain the existing measures for a five-year period to Jan. 30, 2026.

The duties, ranging from 7.9 percent to 24 percent, were to expire in January 2021, but a transition review was initiated in February to continue the measures.

"The TRA's investigation found evidence of high production and significant inventories of wire rod in China suggesting that dumping would be likely to occur again if the measures were removed," the statement added.

According to the U.K. government, wire rod in the U.K. is predominantly used in construction, tire reinforcement and steel springs in vehicles.

The U.K. market for the product is estimated to be worth more than $890 million per year.