Trade Cases
US Scraps Suspension Agreement, Imposes AD Duties on Russian Plate
Written by Laura Miller
August 14, 2023
US plate producers were successful in their most recent effort to have the suspension agreement on cut-to-length plate imports from Russia removed and replaced with antidumping duties.
The US Department of Commerce announced this week it is terminating the suspension agreement, which dates back to 2003.
In place of the suspension agreement, Commerce has now imposed antidumping duties CTL carbon steel plate that enters the country from the Russian Federation.
Commerce assigned weighted-average dumping margins of 53.81% for Severstal and 185% for all other Russian companies.
In 2015, Nucor, Cleveland-Cliffs, and SSAB petitioned Commerce to end the agreement, but that effort was unsuccessful.
This April, the same companies once again asked for termination of the agreement. Their reasoning was that the 2003 agreement was no longer in the public interest, as Commerce reclassified Russia as a non-market economy in November 2022.
The domestic steelmakers did not respond to SMU’s request for comment.
Laura Miller
Read more from Laura MillerLatest in Trade Cases
Price on Trade: IEEPA tariffs head to the Supreme Court, DOJ ramps up trade enforcement
International trade law and policy remain a hot topic in Washington and beyond this week. We are paying special attention to the ongoing litigation of the president’s tariff policies and the administration’s efforts to heighten trade enforcement.
Mexico considers stiff tariffs for steel, autos, and other imports
Mexico is considering imposing steep tariffs on imports of steel, automobiles, and over 1,400 other products. Its target? Countries with which it does not have free trade agreements, mainly China, India, Thailand, and other South Asian nations.
Leibowitz: With ‘reciprocal’ tariffs struck down again in court, what happens next?
President Trump’s “reciprocal” tariffs under the International Emergency Economic Policy Act (IEEPA) were struck down again, this time on Aug. 29 by the Court of Appeals for the Federal Circuit (CAFC). The legal and policy mess continues, with the next stop being the US Supreme Court.
Market unfazed by US circuit court’s IEEPA decision
Repealing any reciprocal tariffs placed by President Donald Trump on US imports of direct reduced iron (DRI), iron ore, hot-briquetted iron (HBI), and pig iron would have only a nominal impact on the US steel market, market participants said.
ITC votes to keep HR duties after sunset review
The US government determined this week that hot-rolled steel imports from a handful of countries continue to threaten the domestic steel industry.