Trade Cases
ITC Issues Final Injury Determinations on CTL Plate and Stainless Steel Sheet/Strip from China
Written by Sandy Williams
March 4, 2017
The U.S. International Trade Commission issued two new final determinations on Wednesday related to imports of steel products from China.
The ITC determined that the U.S. industry is materially injured by the imports of carbon and alloy steel cut-to-length plate from China. Countervailing subsidy rates of 251.00% and antidumping margins of 68.2 percent will be issued by Commerce.
The petitioners in the CTL plate investigation were ArcelorMittal USA, Nucor, and SSAB.
The ITC also found injury to domestic steel makers by the import of stainless steel sheet and strip from China. Countervailing subsidy rates of 190.71 percent and 74.60 will be issued by Commerce as well as antidumping margins of 63.86 and 74.64 percent.
The petitioners in the stainless steel investigation were AK Steel, Allegheny Ludlum, ATI , North American Stainless and Outokumpu Stainless USA.
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Fitch warns more tariffs will pressure global commodity markets
“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.
Commerce increases import duties on Korean galv, plate
The Commerce Department is raising the import duties on imports of corrosion-resistant sheet and cut-to-length plate from Korea.
Leibowitz on trade: Why is protectionism so popular?
The world has had a few shocks recently. The CEO of a major health insurance company was gunned down in Manhattan. The 50-year Assad dynasty in Syria was pushed out less than two weeks after rebels started an offensive. And President-elect Trump is promising tariffs on everything a month before he takes office. But one shock has been taking place for a lot longer than the last few weeks. The 70-year consensus on trade hasn’t just been challenged. It’s been repudiated.
Ternium chief say Mexico tariffs ‘irrational’
Vedoya said the proposed tariffs are "an irrational measure that would harm both their own industry and ours."
Price on Trade: Trump tariffs are no negotiating tool – and could come at lightning speed
We focused on trade actions the second Trump administration might take in a prior column. Since then, we have learned more about the individuals who will be leading these efforts. Recent nominations reinforce the president-elect’s statements that tariffs will feature prominently in the second administration and that trade actions will be unveiled at lightning speed.