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.