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
Read more from Laura MillerLatest in Trade Cases

SMU Survey: Less support seen for Trump tariff policies
Meanwhile, an increasing number think it's too early to say whether the penalties are going to bring more manufacturing to the US.

CRU: USW seeks exclusion for Canada from Trump’s tariffs
The union is also urging stronger enforcement against countries such as China which break trade rules, and a coordinated Canada-US strategy to protect union jobs across the North America

Price on trade: A lot happened last week – and it wasn’t all about tariffs
Should foreign investment be allowed to reshape the American steel Industry? Not to be lost in the recent on-again-off-again tariff frenzy, Nippon Steel’s proposed takeover of U.S. Steel has also found itself in President Trump’s crosshairs when it comes to trade and industrial policy. Nippon Steel initially announced its nearly $15-billion bid for U.S. Steel […]

Trump signs executive order aimed at making US shipbuilding ‘great again’
President Trump on Wednesday signed an executive order meant to breathe new life into American shipbuilding and curb Chinese dominance in the sector.

Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.