Trade Cases
Commerce Amends HR Dumping Duties for Australia, Korea and Turkey
Written by Sandy Williams
October 4, 2016
The Department of Commerce announced adjustment to the antidumping duties assigned to Australia, Korea and Turkey in the hot rolled steel investigation.
Regarding the Australia AD orders, Commerce agreed with the Petitioners that there were two ministerial errors. The Department failed to fully adjust BlueScope Steel’s normal value for processing revenue and freight revenue. It, therefore, increased BlueScope’s weighted-average dumping margin from 29.37 to 29.58. Because the “all others” margin is based solely on BlueScope’s margin, the “all others” margin was increased to 29.58.
The Department found that in the Korea determination there were ministerial errors in calculating the margin for POSCO that did not correctly implement certain revised indirect selling expense figures. The antidumping margin for POSCO has been increased from 3.89 percent to 4.61 percent. The “all others” rate is based in part on POSCO’s dumping margin so it has been increased to 6.05 percent from 5.55 percent.
Turkey steel mill Colakoglu alleged that an incorrect denominator was use in its calculation of indirect selling expenses ratio. Commerce agreed and reduced Colakoglu’s AD margin from 7.15 percent to 6.77 percent. Several errors in the calculation of dumping margins for Ereğli Demir ve Çelik Fabrikalari T.A.Ş. and its Affiliates (Erdemir) resulted in a margin increase from 3.66 percent to 4.15 percent. Because subsidies by the government of Turkey were determined to be negligible, the accompanying countervailing investigation was terminated and the cash deposit rates were eliminated. The “all others” rate increased to 6.41 percent based on Colakoglu’s and Erdemir’s amended margins.
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.