Trade Cases
AD Orders on CTL Steel Plate Imports To Remain for China, Russia and Ukraine
Written by Sandy Williams
June 7, 2021
The U.S. International Trade Commission voted to continue antidumping orders on imports of cut-to-length carbon steel plate from China, Russia and Ukraine. Removing the orders, said the Commission in its sunset review, would “likely lead to continuation of recurrence of material injury within a reasonably foreseeable time.”
The original investigation into CTL steel plate imports from China, Russia and Ukraine was initiated in 1997, covering imports to the U.S. in 1995. On October 24, 1997, Commerce entered into suspension agreements with the three parties, restricting the volume of imports to the U.S. The suspension agreements continued for several years until November 3, 2003 when Commerce terminated the suspension agreement and imposed antidumping duties on CTL plate from China. The suspension agreements for Russia and Ukraine and the antidumping duties for China remained in place through the third sunset review in 2015 and were reaffirmed in the fourth review last week.
Steel plate has been in short supply in the U.S. with prices averaging $1,405 per ton ($70.25 per cwt) when this article was filed. That’s up 60.6% from $875 per ton at the beginning of the year and more than double $600 per ton in early June of 2020, per SMU pricing records.
Plate lead times, meanwhile, stand at six to nine weeks.
By Sandy Williams, Sandy@SteelMarketUpdate.com
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Commerce says welded line pipe duties should continue
The US Department of Commerce has determined that anti-dumping and countervailing duties (AD/CVDs) on welded line pipe imports from China and Japan should remain in place for five more years.
Leibowitz: Thoughts for the holidays
At holiday time, it’s customary to think about what’s happened during the year gone by and what to hope for (or brace for) in the next.
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.