Trade Cases
South Korean Pipe Duties Remanded by USCIT
Written by Sandy Williams
September 13, 2015
US steel pipe makers were surprised by a Sept. 2 US Court of International Trade decision calling for a reconsideration of profit calculations on imports of OCTG steel pipes from South Korea.
South Korean producers complained that the duties set were too high and that proper procedures were not followed when determining duties. The Dept. of Commerce imposed duties of 15.75 percent on pipe from Hundai Hysco, 9.89 percent from Nexteel and 12.82 percent for all other South Korean producers.
South Korea was considered the biggest offender in the trade complaint by US steel companies. Also included in the complaint were imports from India, Taiwan, Turkey, Ukraine and Vietnam.
“South Korea is a critical part of the case due to the tonnage involved and the potential for further harm to an already challenged market,” said a spokesperson from the Steel Manufactures Association.
“We remain optimistic that the final decision will adequately address the harm that has been done to domestic steel producers, their employees, and their surrounding communities.”
The Department of Commerce has until November 2 to file its remand results. Any change to NEXTEEL’s or HYSCO’s dumping margins shall be reflected in the all-others rate assigned to Husteel, AJU Besteel, SeAH, and ILJIN.
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Trump signals tariffs on Canada and Mexico will start next week
Tuesday, March 4, marks the end of a 30-day delay in the levies.
Price: Should billions in Section 232 revenue go to foreign manufacturers or to the American people?
Do we want the benefits of the Section 232 tariffs to flow to the bottom lines of foreign steel and aluminum producers or to the US government and, ultimately, domestic manufacturers and their workers? In our view, the answer is simple. Section 232 exceptions do nothing more than lead to underserved profits for foreign manufacturers who are harming the US industrial base. That revenue could be used to pursue the Trump administration’s other policy priorities - such as deficit reduction or expanded tax cuts.
Mills allege ‘critical circumstances’ in CORE trade case vs. South Africa, UAE
"Recent activity in the marketplace strongly indicates that these imports are being rushed into the United States in an effort to avoid the imposition of antidumping duties," petitioners said.
European Commission eyes retaliation vs. Trump steel tariffs: Report
The European Commission is looking into making current quotas on steel imports stricter as a countermeasure to President Trump’s recently announced tariffs on steel and aluminum imports to the US, according to an article in Reuters.
Trump could levy tariffs on auto imports in April: Report
President Donald Trump said last week that he could place tariffs on auto imports, according to an article in Politico.