Trade Cases
Status of Flat Rolled Trade Cases & Important Dates to Remember
Written by John Packard
March 17, 2016
With the announcement of the Preliminary Determination regarding dumping (AD) of hot rolled steel into the United States by Australia, Korea, Japan, Brazil, the Netherlands, United Kingdom and Turkey, the next step in the process is for the US Department of Commerce to travel overseas and verify the information received from the countries involved.
Looking at the cases from a 40,000 foot perspective here are the next key dates leading up to the International Trade Commission (ITC) which has the final say in the process of each flat rolled trade case.
You need to remember there are two cases going on each product – Countervailing Duty (CV or CVD) and Antidumping (AD). There are separate cases for each product group: corrosion resistant (galvanized, Galvalume being the two major products), cold rolled and hot rolled steels. Each product has now been through the Preliminary Determination phase with the next step being the US Department of Commerce Final determination and then the ITC final determination. After that there will be a five year sunset review process for each product.
John Packard
Read more from John PackardLatest in Trade Cases
Price on Trade: IEEPA tariffs head to the Supreme Court, DOJ ramps up trade enforcement
International trade law and policy remain a hot topic in Washington and beyond this week. We are paying special attention to the ongoing litigation of the president’s tariff policies and the administration’s efforts to heighten trade enforcement.
Mexico considers stiff tariffs for steel, autos, and other imports
Mexico is considering imposing steep tariffs on imports of steel, automobiles, and over 1,400 other products. Its target? Countries with which it does not have free trade agreements, mainly China, India, Thailand, and other South Asian nations.
Leibowitz: With ‘reciprocal’ tariffs struck down again in court, what happens next?
President Trump’s “reciprocal” tariffs under the International Emergency Economic Policy Act (IEEPA) were struck down again, this time on Aug. 29 by the Court of Appeals for the Federal Circuit (CAFC). The legal and policy mess continues, with the next stop being the US Supreme Court.
Market unfazed by US circuit court’s IEEPA decision
Repealing any reciprocal tariffs placed by President Donald Trump on US imports of direct reduced iron (DRI), iron ore, hot-briquetted iron (HBI), and pig iron would have only a nominal impact on the US steel market, market participants said.
ITC votes to keep HR duties after sunset review
The US government determined this week that hot-rolled steel imports from a handful of countries continue to threaten the domestic steel industry.