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Stock impact report

Encore Wire Reports Antidumping Filing

Encore Wire Corporation (WIRE) 
Last encore wire corporation earnings: 4/28 05:05 pm Check Earnings Report
US:NASDAQ Investor Relations: encorewire.com/investors
Company Research Source: Business Wire
MCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced that it had signed on to antidumping (AD) and countervailing duty (CVD) petitions filed with the U.S. Department of Commerce and the U.S. International Trade Commission to address imports of illegally dumped and subsidized aluminum wire from China. The petitions describe how surging volumes of Chinese aluminum wire are being unfairly traded and injuring American manufacturers and workers. “Encore has made significant investments in aluminum wire production to complement our market-leading copper building wire business,” said Daniel Jones, Chairman, President, and Chief Executive Officer of Encore Wire Corporation. “We believe that illegally dumped and subsidized aluminum wire from China has undermined these investments. We view these petitions as a first step toward restoring a level playing field.” Show less Read more
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