Trade Cases
DOC CTL Plate Determination Affirmative for China but Not Korea
Written by Sandy Williams
September 8, 2016
The Department of Commerce announced an affirmative preliminary determination in the countervailing duty investigation of cut-to-length steel plate from China but a negative determination in the CVD investigation of imports of CTL plate from Korea.
Exporter and producers in the China investigation received subsidy rates of 210.5 percent based on available adverse facts (they did not participate in the DOC review process). A de minimis rate of 0.62 was determined for Korean steelmaker POSCO and all other imports of plate from Korea. A de minimis rate means Korea will not have to pay any cash deposit on CTL plate exported to the United States.
A preliminary decision by Commerce on the antidumping CTL plate investigation for the other ten countries named in the original suit is expected by November 7, 2016. A total of twelve countries are named in the AD investigation: Austria, Belgium, Brazil, China, France, Germany, Italy, Japan, South Korea, South Africa, Taiwan and Turkey.
ArcelorMIttal USA, Nucor, and SSAB filed the petition on April 8, 2016 and the investigation was initiated by the Department of Commerce on April 28.
The products covered by these investigations are certain carbon and alloy steel hot-rolled or forged flat plate products not in coils, whether or not painted, varnished, or coated with plastics or other non-metallic substances (cut-to-length plate). Subject merchandise includes plate that is produced by being cut-to-length from coils or from other discrete length plate and plate that is rolled or forged into a discrete length
The final determination by Commerce is due on or about January 19, 2017 followed by a final determination on injury to the domestic industry by the International Trade Commission on March 6, 2017. If either Commerce or ITC makes a negative final determination, then a CVD order will not be issued.
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Price on Trade: IEEPA tariffs head to the Supreme Court, DOJ ramps up trade enforcement
International trade law and policy remain a hot topic in Washington and beyond this week. We are paying special attention to the ongoing litigation of the president’s tariff policies and the administration’s efforts to heighten trade enforcement.
Mexico considers stiff tariffs for steel, autos, and other imports
Mexico is considering imposing steep tariffs on imports of steel, automobiles, and over 1,400 other products. Its target? Countries with which it does not have free trade agreements, mainly China, India, Thailand, and other South Asian nations.
Leibowitz: With ‘reciprocal’ tariffs struck down again in court, what happens next?
President Trump’s “reciprocal” tariffs under the International Emergency Economic Policy Act (IEEPA) were struck down again, this time on Aug. 29 by the Court of Appeals for the Federal Circuit (CAFC). The legal and policy mess continues, with the next stop being the US Supreme Court.
Market unfazed by US circuit court’s IEEPA decision
Repealing any reciprocal tariffs placed by President Donald Trump on US imports of direct reduced iron (DRI), iron ore, hot-briquetted iron (HBI), and pig iron would have only a nominal impact on the US steel market, market participants said.
ITC votes to keep HR duties after sunset review
The US government determined this week that hot-rolled steel imports from a handful of countries continue to threaten the domestic steel industry.