Trade Cases
ITC Finds Injury in Corrosion-Resistant Steel Trade Case
Written by Sandy Williams
June 26, 2016
The U.S. International Trade Commission announced Friday that it made an affirmative decision on injury to U.S. steel producers by imports of corrosion resistant steel products from China, India, Italy, Korea, and Taiwan. The USITC determined by unanimous vote that the U.S. steel industry was materially injured by the import of corrosion-resistant steel products (galvanized, Galvalume, aluminized, etc.) sold at less than fair value and subsidized by the five countries.
The decision follows an earlier one late last week in which all six commissioners found injury in the case of imports of cold-rolled flat products from China and Japan.
As a result of the US ITC’s affirmative determinations, Commerce will issue a countervailing duty order on imports of these products from China, India, Italy, and Korea and antidumping duty orders on imports of these products from China, India, Italy, Korea, and Taiwan.
In addition, the Commission made negative findings with respect to critical circumstances in regard to imports of these products from China, Italy, Korea, and Taiwan. As a result, goods will not be subject to retroactive countervailing duties and antidumping duties that would have been based on the dates of the Department of Commerce’s affirmative preliminary determinations. The ITC also did not find critical circumstances in the cold-rolled flat steel decision announced earlier last week.
The products covered by these investigations are certain flat‐rolled steel products, either clad, plated, or coated with corrosion‐resistant metals such as zinc, aluminum, or zinc‐, aluminum‐, nickel‐ or iron‐based alloys, whether or not corrugated or painted, varnished, laminated, or coated with plastics or other non‐metallic substances in addition to the metallic coating. The products covered include coils that have a width of 12.7 mm or greater, regardless of form of coil (e.g., in successively superimposed layers, spirally oscillating, etc.) and products not in coils (e.g., in straight lengths).
The subsidy and dumping margins determined by the Department of Commerce in their final decision on May 25, 2016 were:
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
CFIUS completes Nippon/USS review, but outcome unknown: Report
The CFIUS report is in, but what it contains remains unknown.
Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.
Price: One-off deal for the UK, pause in China trade war, and more
International trade remains at the forefront of President Trump’s agenda, especially as new negotiations and investigations continue to be announced.
Three Italian CTL plate companies get AD duties, two removed
Commerce began a review of five producers/exporters: NLMK Verona; Officine Technosider; F.A.R. Fonderie Acciaierie; Ferriera Valsider and Metinvest Trametal.
Commerce lays out final results for CVD review on certain Korean CR products
The period under review is Jan. 1, 2022, through Dec. 31, 2022.