Trade Cases
ITC Finds Injury in Corrosion-Resistant Steel Trade Case
Written by Sandy Williams
June 26, 2016
The U.S. International Trade Commission announced Friday that it made an affirmative decision on injury to U.S. steel producers by imports of corrosion resistant steel products from China, India, Italy, Korea, and Taiwan. The USITC determined by unanimous vote that the U.S. steel industry was materially injured by the import of corrosion-resistant steel products (galvanized, Galvalume, aluminized, etc.) sold at less than fair value and subsidized by the five countries.
The decision follows an earlier one late last week in which all six commissioners found injury in the case of imports of cold-rolled flat products from China and Japan.
As a result of the US ITC’s affirmative determinations, Commerce will issue a countervailing duty order on imports of these products from China, India, Italy, and Korea and antidumping duty orders on imports of these products from China, India, Italy, Korea, and Taiwan.
In addition, the Commission made negative findings with respect to critical circumstances in regard to imports of these products from China, Italy, Korea, and Taiwan. As a result, goods will not be subject to retroactive countervailing duties and antidumping duties that would have been based on the dates of the Department of Commerce’s affirmative preliminary determinations. The ITC also did not find critical circumstances in the cold-rolled flat steel decision announced earlier last week.
The products covered by these investigations are certain flat‐rolled steel products, either clad, plated, or coated with corrosion‐resistant metals such as zinc, aluminum, or zinc‐, aluminum‐, nickel‐ or iron‐based alloys, whether or not corrugated or painted, varnished, laminated, or coated with plastics or other non‐metallic substances in addition to the metallic coating. The products covered include coils that have a width of 12.7 mm or greater, regardless of form of coil (e.g., in successively superimposed layers, spirally oscillating, etc.) and products not in coils (e.g., in straight lengths).
The subsidy and dumping margins determined by the Department of Commerce in their final decision on May 25, 2016 were:
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Commerce tags UAE with ‘critical circumstances’ in CORE trade case, South Africa spared
The Commerce Department has made a preliminary determination that ‘critical circumstances’ exist for certain imports of corrosion-resistant (CORE) flat-rolled steel from the United Arab Emirates (UAE). Commerce decided that critical circumstances did not apply to CORE from South Africa. The department also found that critical circumstances did not apply to CORE from UAE producers Al-Ghurair Iron & Steel LLC and United Iron & Steel Company LLC.
Trump’s ‘Liberation Day’ brings 10% baseline tariffs; steel, aluminum, and autos/parts excluded
President Trump’s promised “Liberation Day” has arrived, with a 10% minimum tariff on imports. But there are some very important exceptions: The United States’ USMCA partners, Canada and Mexico, are excluded from the reciprocal tariffs for now. In addition, steel, aluminum, as well as autos and auto parts are excluded from the reciprocal tariffs. That’s […]
Price on Trade: Auto tariffs, auto parts, and Hyundai – a world of rapid changes
Trump's new auto tariffs will apply to passenger vehicles (including sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans), light trucks, and certain automobile parts (including engines and engine parts, transmissions and powertrain parts, and electrical components).
CRU: Canacero urges Mexico-US partnership to fend off Asian steel imports
Victor Cairo, head of Mexico’s steel sector body Canacero and CEO of ArcelorMittal Mexico, says he is confident negotiations between the Mexican and US governments planned for April 2 will lead to the creation of a regional block to substitute imports, especially from Asia.
US chassis makers seek duties on imports from Mexico, Thailand, and Vietnam
Upon the request of US chassis manufacturers, the Commerce Department this week initiated investigations into the alleged dumping and subsidization of chassis imported from Mexico, Thailand, and Vietnam.