Trade Cases
Commerce finalizes sunset review of HR import duties
Written by Laura Miller
November 13, 2024
The US Department of Commerce has finalized its portion of the fourth sunset review of hot-rolled (HR) steel products from a handful of countries.
The agency determined that if anti-dumping and countervailing duty orders (AD/CVD) were allowed to expire or be ‘sunset,’ the illegal dumping and subsidization of HR imports would likely continue at sizable rates.
The AD order covers HR steel flats from India, Indonesia, China, Taiwan, Thailand, and Ukraine. The CVD order applies to HR from India, Indonesia, and Thailand. The orders have been in place since 2001.
Commerce’s International Trade Administration (ITA) determined that if the duties were sunset, the continuation or recurrence of dumping and subsidies would continue at the following margins:
Country | Weighted-average dumping margin % | Net countervailable subsidy rate % |
---|---|---|
India | 44.40 | 345.09* |
Indonesia | 47.86 | 10.21 |
China | 90.83 | |
Taiwan | 29.14 | |
Thailand | 20.30 | 2.38 |
Ukraine | 90.33 | |
* average |
Domestic producers acting as ‘interested parties’ in the review included U.S. Steel, Steel Dynamics, SSAB, Nucor, Cleveland-Cliffs, and ArcelorMittal USA.
Commerce expedited this sunset review, meaning it used facts already available and did not issue a preliminary determination. Thus, interested parties did not get to review and provide comments on its findings.
While Commerce’s portion of the sunset reviews is now completed, the International Trade Commission’s (ITC) injury determination will not be released for some time. ITC voted for full sunset reviews last month.
Full reviews take longer as they include a hearing and further investigation.
In previous five-year sunset reviews of these orders, Commerce conducted full reviews in 2007 and 2014 and an expedited one in 2019.
Laura Miller
Read more from Laura MillerLatest in Trade Cases
Steel trade groups, Mexico respond to Trump tariff talk
American and Canadian steel trade groups, as well as the government of Mexico, have responded to President-elect Trump's threat of imposing 25% tariffs on all US imports from Canada and Mexico and a 10% tariff on imports from China.
Trump threatens Canada, Mexico with 25% tariffs, China another 10%
President-elect Donald Trump threatened on social media Monday evening to impose tariffs of 25% on all US imports from Canada and Mexico.
Leibowitz on Trade: Tariffs and the metals trade
Are you still recovering from the election? If so, please get plenty of rest. Next year will require you to be awake and alert. Things are likely to change. We can’t be sure exactly how they will change yet.
Nippon respects HR dumping decision, expects lower rate in next review
Nippon Steel says it respects the US Department of Commerce’s findings in administrative reviews despite the agency recently assigning the Japanese steelmaker a higher dumping margin.
CRU: Trump tariffs could stimulate steel demand
Now that the dust has settled from the US election, as have the immediate reactions in the equity, bond, and commodity markets, this is a prime opportunity to look at how a second Trump presidency might affect the US steel market.