Trade Cases
Corrosion Resistant Final Determinations Coming Due
Written by John Packard
May 12, 2016
On the 24th of May the US Department of Commerce is scheduled to announce their Final Determinations regarding the corrosion resistant trade suits against China, Korea, India, Taiwan and Italy. There is an expectation that the announcement may actually be more supportive of the domestic mill position than what was seen in the Preliminary Determinations.
The belief that the Final Determinations could be more supportive of the mill position was floated to us by one of the foreign steel mills who reported the proof of injury is now easier for the US DOC and, ultimately, the International Trade Commission (ITC) due to the new language passed by Congress last year.
As we prepare for the announcement by the Department of Commerce, we thought our readers might be interested in seeing some of the history of exports from the affected countries.
As you can see, China became a major force in galvanized steels during 2014 and 2015. They are not a factor any longer due to the high cash deposit amounts required when the Preliminary Determinations of both Antidumping (AD) and Countervailing Duties (CVD) were announced.
India, Taiwan and Italian galvanized exports have dropped dramatically while South Korea continues to ship galvanized steel at levels seen in 2012 and 2013.
The US Department of Commerce Final Determination announcement is expected late in the day on Tuesday, May 24th. The ITC will have the final say in July 2016.
Next week we expect the US DOC to announce Final Determinations on cold rolled. We will have more on that in Sunday evening’s issue of Steel Market Update.
John Packard
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