Steel Mills

US Steel Mills File Antidumping Trade Suit Against 8 Countries
Written by John Packard
July 28, 2015
Last night (Monday, July 27th) US Steel began advising some of their customers that a cold rolled trade suit had been filed against 8 foreign countries. We have learned from other mills mentioned in the text of the USS email below, that the case is actually being filed today. Here is the full text of the US Steel email received by SMU last night (SMU Note: the USS email incorrectly names SSAB as one of the petitioners, SSAB is not part of the CR petition):
“Late today United States Steel Corporation, along with Nucor, Steel Dynamics, AK Steel, Arcelor Mittal USA, and SSAB Americas filed petitions against foreign producers of Cold-Rolled steel in eight (8) countries alleging that unfairly traded imports of certain cold-rolled steel flat products from Brazil, China, India, Japan, South Korea, Netherlands, Russia and the United Kingdom, are causing material injury to the domestic industry.
The petitions allege that producers in each of the eight countries are dumping cold-rolled steel in the U.S. market at substantial margins:
COUNTRY DUMPING MARGINS ALLEGED
Brazil 50.07 – 59.74 percent
China 265.98 percent
India 42.28 percent
Japan 82.58 percent
South Korea 93.32 – 176.13 percent
Netherlands 47.36 – 136.46 percent
Russia 69.12 – 320.45 percent
United Kingdom 47.64 – 84.34 percent
The petitions also allege that the foreign producers in Brazil, China, India, South Korea, and Russia benefit from numerous countervailable subsidies provided by their governments. The petitions identify numerous different subsidy programs in these countries that support the production of these products:
28 subsidy programs in Brazil,
46 subsidy programs in China,
47 subsidy programs in India,
45 subsidy programs in South Korea, and
14 subsidy programs in Russia.
The petitions were filed concurrently with the United States Department of Commerce (“Commerce Department”) and the United States International Trade Commission (“USITC”). The filing is in response to large and increasing volumes of low-priced imports of cold-rolled steel from the subject countries since 2012 that have injured U.S. producers.”
Steel Market Update (SMU) will host an exceptional panel about Trade, Dumping and other issues during our 5th Steel Summit Conference in Atlanta, Georgia on September 1st and 2nd.

John Packard
Read more from John PackardLatest in Steel Mills

Domestic mill shipments slip in July: AISI
US steel shipments decreased month over month in July, but were up from last year, according to the latest figures from the American Iron and Steel Institute (AISI).

Nippon and USS drop litigation vs. USW and Cliffs
Another chapter of the Great U.S. Steel Buyout of the 2020s melodrama has closed, with all involved parties terminating the litigation disputes between them.

Steel Summit: Analysts say demand likely to struggle until 2027
Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.

USS Clairton begins full production of batteries 19 and 20, 13 and 14 hot idled
U.S. Steel has activated batteries 19 and 20 at its Clairton Coke Works facility after pausing each “out of an abundance precaution” following an explosion at the site on Aug. 11.

Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.