Trade Cases
HR CVD Preliminary Determination Due on Monday
Written by John Packard
January 10, 2016
Steel Market Update received the following press release from the US Department of Commerce International Trade Administration regarding the release of the preliminary determination for the hot rolled countervailing duty portion of the hot rolled trade case:
On January 11, 2016, the Department of Commerce is scheduled to announce its preliminary determinations in the CVD investigations of imports of certain hot-rolled steel flat products from Brazil, Korea, and Turkey. Hot-rolled steel is extensively used in automotive applications and tubing, as well as in the manufacture of transportation equipment, appliances, heavy machinery, nonresidential construction, and machine parts.
On Monday, January 11, we will email a fact sheet that will outline our decisions.
Petitioners: The petitioners for these investigations are AK Steel Corporation (OH), ArcelorMittal USA LLC (IL), Nucor Corporation (NC), SSAB Enterprises, LLC (IL), Steel Dynamics, Inc. (IN), and United States Steel Corporation (PA).
Import Statistics: In 2014, imports of certain hot-rolled steel flat products from Brazil, Korea, and Turkey were valued at an estimated $146.3 million, $678.8 million, and $218.4 million, respectively. (Source: International Trade Administration Office of Public Affairs)
John Packard
Read more from John PackardLatest in Trade Cases
Price on Trade: The foolishness of free trade with controlled economies
It was only a matter of time before a shutdown happened. And, no, we aren’t talking about the federal government’s lapse in appropriations. On Oct. 9, Beijing announced a series of restrictions that will effectively shut down exports of rare earth elements, magnets, and certain downstream products vital to advanced manufacturing.
Trump pulls plug on trade talks with Canada after anti-tariff Reagan ad
US President Donald Trump took to social media late Thursday night to announce he was canceling trade talks with Canada.
Leibowitz: Renewed trade war with China over rare earths
On Oct.10, President Trump announced major increases in tariffs on Chinese goods. The trigger was a new regime of export controls on rare earth metals and products using those elements, including magnets, capital equipment, and catalysts for catalytic converters in cars and trucks.
Industry piles on new Section 232 steel derivative inclusion requests
The Department of Commerce received 97 submissions from producers, manufacturers, and groups seeking Section 232 tariff coverage for steel and aluminum derivative products.
Price on Trade: New EU steel tariffs don’t mean the US should weaken its stance
Any steel imports into the EU that exceed the new, lower quota level would be subject to a 50% tariff, which represents a major increase from the EU’s current 25% out-of-quota tariff. This move would largely align the EU’s steel tariff rate with Canada and the United States.