Trade Cases
Commerce rules four countries are unfairly trading tin mill products
Written by Laura Miller
January 5, 2024
On the afternoon of Friday, Jan. 5, the US Department of Commerce issued its final determination in the trade case involving tin mill products from a handful of countries.
The trade case was brought by Cleveland-Cliffs and the United Steelworkers (USW) union last January. Under investigation is the alleged dumping of tin mill products by Canada, China, Germany, South Korea, the Netherlands, Taiwan, Turkey, and the United Kingdom, as well as the subsidization of the imports from China.
In its final ruling, Commerce determined the following dumping rates:
Country | Dumping rate |
Canada | 5.27% |
China | 122.52% (deposit rate set at 111.98%) |
Germany | 6.88% |
South Korea | 0-2.69% |
Netherlands | 0% |
Taiwan | 0% |
Turkey | 0% |
United Kingdom | 0% |
In the CVD portion of the case investigating imports from China, Commerce set the following subsidy rates:
Company | Subsidy rate |
Baoshan Iron & Steel | 649.98% |
Shougang Jingtang United Iron & Steel Co. and related companies | 331.88% |
China-wide entity | 331.88% |
The US International Trade Commission (ITC), the agency responsible for the injury determinations in trade cases, held a final hearing in this trade case on Thursday, Jan. 4. It will make its final injury ruling next month.
Since Commerce determined that the Netherlands, Taiwan, Turkey, and the UK did not dump tin mill steel into the US market, the ITC will not make injury determinations for those countries and imports from there will not face any duties.
Cliffs’ response
Cleveland-Cliffs applauded Commerce’s decision regarding Canada, Germany, South Korea, and China.
“Together with the existing Section 232 tariffs and quotas, these dumping calculations will provide a check against unfairly traded products from all the major sources of tin mill imports,” Cliffs said in a statement.
“With the heightened levels of both geopolitical uncertainty and supply chain disruptions in the world, we continue to expect disturbances in international trade. Today’s outcome should put importers on notice that the United States will not tolerate unfair trade that harms employers, workers and communities,” Cliffs’ chairman, president, and CEO Lourenco Goncalves added.
Laura Miller
Read more from Laura MillerLatest in Trade Cases
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.
Ternium chief say Mexico tariffs ‘irrational’
Vedoya said the proposed tariffs are "an irrational measure that would harm both their own industry and ours."
Price on Trade: Trump tariffs are no negotiating tool – and could come at lightning speed
We focused on trade actions the second Trump administration might take in a prior column. Since then, we have learned more about the individuals who will be leading these efforts. Recent nominations reinforce the president-elect’s statements that tariffs will feature prominently in the second administration and that trade actions will be unveiled at lightning speed.