Trade Cases

ITC Lets Import Duties on Brazilian CRC Expire

Written by Laura Miller

July 20, 2022

The US International Trade Commission has completed five-year sunset reviews of import duties on cold-rolled steel flat products from six countries. While determining that the duties on imports from five of the countries should be continued, the ITC also decided to allow the duties on Brazilian product to expire.

The ITC conducted full sunset reviews of the duties beginning in June 2021. Full reviews include hearings and investigative activities, while expedited reviews do not.

The ITC found that the domestic industry would be likely to suffer continuing injury should the antidumping duty orders on CR sheet from China, India, Japan, South Korea, and the UK be revoked. Therefore, the duties which were originally imposed in 2016 will remain in place for those countries for at least another five years.

At the same time, the Commission found that removing both antidumping and countervailing duties on CR imports from Brazil would not be likely to lead to the continuation or recurrence of injury to the domestic industry. Thus the duties, which have been in place for just five years, will now be revoked. CR steel flat products may now be imported from Brazil without being subject to antidumping or countervailing duties.

The ITC will release its full public report on these reviews by August 17, 2022.

The Commission also recently determined that import duties on corrosion-resistant steel products should not be allowed to sunset.

By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

Read more from Laura Miller

Latest in Trade Cases

Price on trade: The excess capacity threat moves closer to home

The Global Forum on Steel Excess Capacity (GFSEC) reaffirmed on Oct. 8 what domestic steel producers have long known—the threat of excess steel capacity never disappeared and is evolving. China’s steelmakers are boosting capacity and exports, echoing the 2016 global steel crisis. There is no doubt that China is successfully weaponizing excess capacity across many industries, and the fatal damage to domestic production and national security undermines the interests of all market-oriented countries. The question now is: How will GFSEC countries respond?