Probe against Chinese OTR tyre imports dropped by ITC. No respite for India & Sri Lanka.
The International Trade Commission has decided not to continue the investigation of Chinese off-the-road tyres, but will continue with its probe against OTR tyre imports from Sri Lanka & India.
The agency voted 6-0 against further consideration of both countervailing & anti-dumping duties against the imports from China. Conversely, the ITC voted 6-0 in the affirmative to continue the investigation of OTR tyres from Sri Lanka & India.
The commission said it currently is scheduled to complete and file its determinations on Feb. 24, and the views of the agency are scheduled to be completed and filed on March 2.
The vote was in response to a petition filed by Titan Tyre Corp. & the United Steelworkers union seeking anti-dumping & countervailing duties against mounted & un-mounted OTR tyres from the three Asian countries. The groups had claimed that from 2012-15 the three countries had increased their market share from 35.5 to 44 percent &, Titan alleged OTR tyres from India were underselling Titan by as much as 70 percent.
Importers of OTR tyres from China, India & Sri Lanka claimed at a Jan. 29 hearing the petition from Titan & the USW is a gross misinterpretation of the facts, saying a cyclical downturn in the original equipment OTR market & not increased imports from Asia is responsible for Titan’s reduced OTR tyre sales.