Commerce Finds Dumping of Imports of Corrosion-Resistant Steel Products from China, India, Italy, Kore a, and Taiwan, Countervailable Subsidization of Imports of Corrosion-Resistant Steel Products from China, India, Italy, Korea, and No Countervailable Subsidization of Imports of Corrosion-Resistant Steel Products from Taiwan.
- On May 25, 2016, the Department of Commerce (Commerce) announced its affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of corrosion-resistant steel products (CORE) from China, India, Italy, Korea; its affirmative final determination in the AD investigation of imports of CORE from Taiwan; and its negative final determination in the CVD investigation of imports of CORE from Taiwan.
- The AD and CVD laws provides U.S. businesses and workers with a transparent, quasi-judicia l, 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 |
Yieh Phui (China) Technomaterial Co., Ltd. |
209.97% |
|
|
Jiangyin Zongcheng Steel Co., Ltd. |
209.97% |
|
|
Union Steel China |
209.97% |
|
|
China-Wide Rate |
209.97% |
India
|
COUNTRY |
EXPORTER/PRODUCER |
DUMPING MARGINS |
|
India |
JSW:1
JSW Steel Ltd.
JSW Coated Products Limited
|
4.44% |
|
|
Uttam Galva:2
Uttam Galva Steels Limited
Uttam Value Steels Limited
Atlantis International Services Company Ltd.
Uttam Galva Steels, Netherlands, B.V.
Uttam Galva Steels (BVI) Limited |
3.05% |
|
|
All Others |
3.86% |
1 Commerce preliminarily found JSW Steel Ltd. and JSW Coated Products Limited to be affiliated and treated them as a single entity.
2 Commerce preliminarily found Uttam Galva Steels Limited, Uttam Value Steels Limited, Atlantis International Services Company Ltd., Uttam Galva Steels, Netherlands, B.V., and Uttam Galva Steels (BVI) Limited to be affiliated and treated them as a single entity. Commerce sustains this finding in the final determination. Therefore, we are assigning one rate to these companies.
Italy
|
COUNTRY |
EXPORTER/PRODUCER |
DUMPING MARGINS |
|
Italy |
Acciaieria Arvedi S.p.A. |
12.63% |
|
|
Marcegalia S.p.A. |
92.12% |
|
|
All Others |
12.63% |
Korea
|
COUNTRY |
EXPORTER/PRODUCER |
DUMPING MARGINS |
|
Korea |
Dongkuk Steel Mill Co., Ltd./Union Steel Manufacturing Co., Ltd. |
8.75% |
|
|
Hyundai Steel Company |
47.80% |
|
|
All Others |
31.73% |
Taiwan
|
COUNTRY |
EXPORTER/PRODUCER |
DUMPING MARGINS |
|
Taiwan |
Prosperity Tieh Enterprise Co., Ltd., Yieh Phui Enterprise Co., Ltd., and Synn Industrial Co., Ltd.3 |
3.77% |
|
|
All Others |
3.77% |
3 Commerce preliminarily found Yieh Phui Enterprise Co., Ltd., and Synn Industrial Co., Ltd. to be affiliated and treated them as a single entity. Commerce sustains this finding in the final determination and further finds Prosperity Tieh Enterprise Co., Ltd. to be affiliated with the Yieh Phui/Synn entity and treated as a single entity. Therefore, we are assigning one rate to these companies.
Final Subsidy Rates
China
|
COUNTRY |
EXPORTER/PRODUCER |
SUBSIDY RATES |
|
China |
Yieh Phui (China) Technomaterial Co., Ltd. |
39.05% |
|
|
Angang Group Hong Kong Company Ltd. |
241.07% |
|
|
Baoshan Iron & Steel Co., Ltd. |
241.07% |
|
|
Duferco S.A., Hebei Iron & Steel Group, and Tangshan Iron and Steel Group Co., Ltd. |
241.07% |
|
|
Changshu Everbright Material Technology |
241.07% |
|
|
Handan Iron & Steel Group |
241.07% |
|
|
All Others |
39.05% |
*This rate is based on adverse facts available, because the company did not participate in the investigation.
India
|
COUNTRY |
EXPORTER/PRODUCER |
SUBSIDY RATES |
|
India |
JSW Steel Limited |
29.46% |
|
|
Uttam Galva Steels Limited |
8.00% |
|
|
All Others |
18.73% |
Italy
|
COUNTRY |
EXPORTER/PRODUCER |
SUBSIDY RATES |
|
Italy |
Acciaieria Arvedi S.p.A. |
0.48% |
|
|
Marcegaglia S.p.A. |
0.07% |
|
|
Ilva S.p.A. |
38.51% |
|
|
All Others |
13.02% |
*This rate is based on adverse facts available, because the company did not participate in the investigation.
Korea
|
COUNTRY |
EXPORTER/PRODUCER |
SUBSIDY RATES |
|
Korea |
Union Steel Manufacturing Co., Ltd./Dongkuk Steel Mill Co., Ltd. |
|
|
|
Dongbu Steel Co., Ltd./Dongbu Incheon Steel Co., Ltd. |
1.19% |
|
|
All Others |
1.19% |
*de minimus = less than 1% for developed countries, less than 2% for developing countries.
Taiwan
|
COUNTRY |
EXPORTER/PRODUCER |
SUBSIDY RATES |
|
Taiwan |
Prosperity Tieh Enterprise Co., Ltd. (PT); Hong-Ye Steel Co., Ltd. (HY); Prosperity Did Enterprise Co., Ltd. (PD); and Chan Lin Enterprise Co., Ltd. (CL) (collectively Prosperity Companies) |
0.00% |
|
|
Yieh Phui Enterprise Co., Ltd. (Yieh Phui); Yieh Corporation Limited (YCL); Shin Yang Steel Co., Ltd. (Shin Yang); and Synn Industrial Co., Ltd. (Synn) (collectively Yieh Phui Companies) |
0.00% |
Case Calendar
|
EVENT |
CVD INVESTIGATIONS |
AD INVESTIGATIONS |
|
Petition Filed |
June 3, 2015 |
June 3, 2015 |
|
DOC Initiation Date |
June 23, 2015 |
June 23, 2015 |
|
ITC Preliminary Determinations |
July 24, 2015 |
July 24, 2015 |
|
DOC Preliminary Determinations |
November 2, 2015 |
December 21, 2015 |
|
DOC Final Determinations |
May 24, 2016 |
May 24, 2016 |
|
ITC Final Determinations |
July 8, 2016 |
July 8, 2016 |
|
Issuance of Orders** |
July 15, 2016 |
July 15, 2016 |
NOTE: Commerce preliminary and final determination deadlines are governed by statute. For AD investigations, the deadline is set forth in section 733(b) and 735(a) of the Tariff Act of 1930, as amended (the Act). For CVD investigations, the deadlines are set forth in sections 703(b) and 705(a)(1) of the Act. These deadlines may be extended under certain circumstances.
**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.
