Trade Cases
DOC Announces Final AD/CVD Determinations on Imports of Corrosion-Resistant Steel
Written by Sandy Williams
May 26, 2016
The Department of Commerce announced on Wednesday affirmative final determinations in AD and CVD investigations of imports of corrosion-resistant steel products (CORE) from China, India, Italy, Korea; an affirmative final determination in the AD investigation of imports of CORE from Taiwan; and a negative final determination in the CVD investigation of imports of CORE from Taiwan. The investigations cover certain corrosion-resistant steel products, which are certain flat-rolled steel products that have been clad, coated or plated with corrosion- or heat-resistant metals (e.g., zinc, aluminum) to prevent corrosion and thereby extend the service life of products made from the steel. Corrosion-resistant steel products are typically used in the manufacture of trucks and automobiles, appliances, agricultural equipment, and industrial equipment. Included are galvanized, galvannealed, aluminized steels as well as Galvalume steels.
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.
Next Steps:
The U.S. International Trade Commission is scheduled to make its final injury determinations on July 8, 2016.
If the ITC makes affirmative final determinations that imports of CORE from China, India, Italy, Taiwan, and/or Korea materially injure, or threaten material injury to, the domestic industry, Commerce will issue Antidumping and Countervailing Duty orders on July 15, 2016. If the ITC makes negative determinations of injury, the investigations will be terminated.
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Steel groups welcome passage of budget bill
Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.
Canada moves to curb steel imports with TRQs
Canada has implemented tariff-rate quotas (TRQs) on steel imports to help stabilize its domestic market.
Commerce launches probe into unfairly traded rebar imports
Here are the details and a case timeline for the rebar trade case recently initiated by the Commerce Department.
Leibowitz on Trade: Who is winning the tariff debate?
Most economists will tell you that universal tariffs will result in inflation and reduce demand, causing a recession or worse. (After all, this is what happened in the 1930s). It is a rare product that is so essential that demand will not go down if prices go up.
Canadian steel industry fears thousands of job losses from US tariffs
The Canadian steel industry is bracing for thousands of job losses because of US tariffs, the Canadian Steel Producers Association says.