Hot Rolled

Commerce Finds Dumping of Imports of Certain Hot-Rolled Steel Flat Products from Australia, Brazil, Japan, Korea, the Netherlands, Turkey, and the United Kingdom, and Countervailable Subsidization of Imports of Hot-Rolled Steel Flat Products from Brazil, Korea, and Turkey.

  • On August 5, 2016, the Department of Commerce (Commerce) announced its affirmative final determinations in the antidumping duty (AD) investigations of imports of certain hot-rolled steel flat products (hot-rolled steel) from Australia, Brazil, Japan, Korea, the Netherlands, Turkey, and the United Kingdom, and the CVD investigations of imports of hot-rolled steel from Brazil, Korea, and Turkey.
  • The AD and CVD laws provide U.S. businesses and workers with a transparent, quasi-judicial, 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

Australia

COUNTRY EXPORTER/PRODUCER DUMPING MARGINS
Australia BlueScope Steel Ltd. 29.37%
All-Others 29.37%

Brazil

COUNTRY EXPORTER/PRODUCER DUMPING MARGINS CASH DEPOSIT
Brazil Companhia Siderurgica Nacional 33.14% 29.07%
Usinas Siderurgicas de Minas Gerais 34.28% 30.51%
All-Others 33.14% 29.07%

NOTE: The difference between the dumping margins and the cash deposit rates represents the adjustment for the export subsidies identified in the companion countervailing duty investigation of certain hot-rolled steel from Brazil.

Japan

COUNTRY EXPORTER/PRODUCER DUMPING MARGINS
Japan JFE Steel Corporation 7.51%
Nippon Steel & Sumitomo Metal Corporation 4.99%
All-Others 5.58%

Korea

COUNTRY EXPORTER/PRODUCER DUMPING MARGINS CASH DEPOSIT
Korea Hyundai Steel Company 9.49% 9.49%
POSCO 3.89% 0.00%
All-Others 5.55% 5.55%

NOTE: The difference between the dumping margins and the cash deposit rates represents the adjustment for the export subsidies identified in the companion countervailing duty investigation of certain hot-rolled steel from Korea.

Netherlands

COUNTRY EXPORTER/PRODUCER DUMPING MARGINS
Netherlands Tata Steel IJmuiden B.V. 3.73%
All-Others 3.73%

Turkey

COUNTRY EXPORTER/PRODUCER DUMPING MARGINS CASH DEPOSIT
Turkey Colakoglu Metalurji A.S./Colakoglu Dis Ticaret A.S. 7.15% 7.15%
Ereğli Demir ve Çelik Fabrikaları T.A.Ş./Iskenderun Demir ve Çelik T.A.Ş. 3.66% 3.65%
All-Others 6.67% 6.67%

NOTE: The difference between the dumping margins and the cash deposit rates represents the adjustment for the export subsidies identified in the companion countervailing duty investigation of certain hot-rolled steel from Turkey.

United Kingdom

COUNTRY EXPORTER/PRODUCER DUMPING MARGINS
United Kingdom Tata Steel UK Ltd. 33.06%
All-Others 33.06%

Final Subsidy Rates

Brazil

COUNTRY EXPORTER/PRODUCER SUBSIDY RATES
Brazil Companhia Siderurgica Nacional 11.30%
Usinas Siderurgicas de Minas Gerais SA 11.09%
All-Others 11.20%

Korea

COUNTRY EXPORTER/PRODUCER SUBSIDY RATES
Korea POSCO and Daewoo International Corporation 57.04%
Hyundai Steel Co., Ltd. 3.89%
All-Others 3.89%

Turkey

COUNTRY EXPORTER/PRODUCER SUBSIDY RATES
Turkey Colakoglu Dis Ticaret A.S. 0.34%*
Ereğli Demir ve Çelik Fabrikaları T.A.Ş. 6.01%
All-Others 6.01%

*de minimus = less than 1% for developed countries, less than 2% for developing countries

Case Calendar

EVENT CVD INVESTIGATIONS AD INVESTIGATIONS
Petition Filed August 11, 2015 August 11, 2015
DOC Initiation Date August 31, 2015 August 31, 2015
ITC Preliminary Determinations September 25, 2015 September 25, 2015
DOC Preliminary Determinations January 8, 2016 March 14, 2016
DOC Final Determinations August 4, 2016 August 4, 2016
ITC Final Determinations September 19, 2016 September 19, 2016
ITC Final Determinations (Turkey and Korea CVD) October 18, 2016 -
Issuance of Orders** September 26, 2016 September 26, 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 sections 733(b) and 735(a) 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.