Trade Cases
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Commerce Upholds Duties on Sheet Imports from Vietnam
Written by Tim Triplett
December 17, 2019
Affirming that steel imports from Vietnam have been circumventing U.S. antidumping and countervailing duties, the Department of Commerce on Monday upheld its preliminary AD/CVD rates on imports of galvanized and cold rolled sheet from Vietnam manufactured with hot- or cold-rolled substrate from Korea and Taiwan.
Steel products produced in Korea and Taiwan, shipped to Vietnam for minor processing, and then exported to the United States as corrosion-resistant steel products (CORE) and cold-rolled steel (CRS) circumvent existing AD/CVD orders on Korea and Taiwan, Commerce found. As a result, U.S. Customs and Border Protection will continue to collect AD and CVD cash deposits as high as 456.23 percent, depending on the type and origin of the steel. The duties are retroactive to imports dating back to Aug. 2, 2018, when Commerce initiated the circumvention inquiries.
U.S. law provides that Commerce may find circumvention of AD/CVD orders when merchandise subject to an existing order is completed or assembled in a third country prior to importation into the United States. Over the past seven years, shipments of CORE from Vietnam to the United States increased from $22 million to $933 million, an increase of 4,076 percent. Additionally, shipments of CRS from Vietnam to the United States increased from $49 million to $498 million, an increase of 922 percent.
Domestic sheet producers—including AK Steel, ArcelorMittal USA, California Steel Industries, Nucor, Steel Dynamics and U.S. Steel—filed a complaint in June 2018 alleging transshipment of hot and cold rolled sheet from Korea and Taiwan through Vietnam into the U.S.
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Tim Triplett
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Leibowitz: The consequences of a new barrage of trade cases on coated steel
Domestic steel producers and the United Steelworkers (USW) union filed a barrage of trade cases last week. This is hardly news. Ever since the Commerce Department ruled that Vietnam is still treated as a nonmarket economy (NME) for antidumping purposes, many in the business expected new cases on the product that Vietnam excels at—“corrosion-resistant steel.” Nor is it a surprise that these cases roped in nine countries in addition to Vietnam: Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, and the United Arab Emirates. All these countries rank in the top ten exporters of corrosion-resistant steel to the United States. These petitions are a broadside against coated flat-rolled steel imports.
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Coated trade case alleges hefty dumping margins
Domestic mills have alleged substantial dumping margins in the trade case targeting imports of corrosion-resistant steel.
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US mills file sprawling trade case against coated imports from 10 nations
US mills have filed or soon will file a sprawling trade petition against imports of coated flat-rolled steel from 10 countries. The petition seeks anti-dumping margins against Canada, Mexico, Brazil, the Netherlands, Turkey, the United Arab Emirates, Vietnam, Taiwan, Australia, and South Africa. It also seeks countervailing duty margins against Canada, Mexico, Brazil, and Vietnam. That’s according documents dated Sept. 5 and addressed to Commerce Secretary Gina Raimondo and International Trade Commission (ITC) Secretary Lisa Barton.
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Steel Summit 2024: Trade issues abound ahead of election
Trade is always front and center in an election year. And 2024 is no different. There is no shortage of issues, with questions like the sale of U.S. Steel to Japan’s Nippon Steel, potential cracks in the USMCA, and Chinese overcapacity dominating the headlines. But how do you distinguish between issues that might just last until November, and what are the crucial questions that could affect your business for years to come?
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US senators urge reduction to S. Korean OCTG quota
https://www.brown.senate.gov/newsroom/press/release/sherrod-brown-casey-fetterman-biden-administration-level-playing-field-american-octg-industry