Commerce Finds Dumping of Imports of Certain Cold-Rolled Steel Flat Products from the People’s Republic of China and Japan, and Countervailable Subsidization of Imports of Certain Cold-Rolled Steel Flat Products from the People’s Republic of China.
- On May 17, 2016, the Department of Commerce (Commerce) announced its affirmative final determinations in the antidumping duty (AD) investigations of certain cold-rolled steel flat products (cold-rolled steel) from the People’s Republic of China (China) and Japan, and the countervailing duty (CVD) investigation of imports of cold-rolled steel from China.
- The AD and CVD laws provides U.S. businesses and workers with a transparent, quasi-judical, and internationally accepted mechanism to seek relief from the market-distorting effects caused by injurious dumping and unfair subsidization of imports into the United States, establishing an opportunity to compete on a level playing field.
- For the purpose of AD investigations, dumping occurs when a foreign company sells a product in the United States at less than its fair value. For the purpose of CVD investigations, a countervailable subsidy is financial assistance from a foreign government that benefits the production of goods from foreign companies and is limited to specific enterprises or industries, or is contingent either upon export performance or upon the use of domestic goods over imported goods.
Final Dumping Margins
China
|
COUNTRY |
EXPORTER/PRODUCER |
DUMPING MARGINS |
|
China |
China-Wide Rate |
265.79% |
Japan
|
COUNTRY |
EXPORTER/PRODUCER |
DUMPING MARGINS |
|
Japan* |
JFE Steel Corporation |
71.35% |
|
|
Nippon Steel & Sumitomo Metal Corporation |
71.35% |
|
|
All Others |
71.35% |
*On December 10, 2015, we selected Hitachi as a voluntary respondent. Subsequently, Petitioners provided a revised scope confirming that certain ultra-tempered automotive steel strip is excluded from the scope of the Japan investigation. Based on record evidence, all of Hitachi’s reported home market and U.S. sales and production costs covered certain ultra-tempered automotive steel strip that is excluded from the scope of the Japan investigation.
Final Subsidy Rates
China
|
COUNTRY |
EXPORTER/PRODUCER |
SUBSIDY RATES |
|
China |
Angang Group Hong Kong Co., Ltd. |
256.44% |
|
|
Benxi Iron and Steel (Group) Special Steel Co., Ltd. |
256.44% |
|
|
Qian'an Golden Point Trading Co., Ltd. |
256.44% |
|
|
All Others |
256.44% |
Case Calendar
|
EVENT |
CVD INVESTIGATIONS |
AD INVESTIGATIONS |
|
Petition Filed |
July 28, 2015 |
July 28, 2015 |
|
DOC Initiation Date |
August 17, 2015 |
August 17, 2015 |
|
ITC Preliminary Determination |
September 11, 2015 |
September 11, 2015 |
|
DOC Preliminary Determination |
December 15, 2015 |
February 29, 2016 |
|
DOC Final Determination |
May 9, 2016† |
May 16, 2016† |
|
ITC Final Determination |
June 30, 2016 |
June 30, 2016 |
|
Issuance of Orders** |
July 7, 2016 |
July 7, 2016 |
NOTE: Commerce preliminary and final determination deadlines are governed by statute. For CVD investigations, the deadlines are set forth in sections 703(b) and 705(a)(1) of the Tariff Act of 1930, as amended (the Act). For AD investigations, the deadline is set forth in section 735(a) of the Act. These deadlines may be extended under certain circumstances.
†Where the deadline falls on a weekend/holiday, the appropriate date is the next business day.
**This will take place only in the event of final affirmative determinations by Commerce and ITC.
More information can be found on the US International Trade Commission website.
