Trade Cases
Update on Trade Suits
Written by Sandy Williams
August 9, 2016
We thought now would be a good time to revisit each of the antidumping and countervailing duty trade suits to report exactly where each one stands at this time. We are reaching the point where most will be through the entire process with the last step being the ITC (International Trade Commission) final determination. As we have seen, there can be changes as we move through the process and the importer of record is the one on the hook for any changes in duties/cash deposits.
There have been some surprises as we saw late last week with the hot rolled final determination by the U.S. Department of Commerce. Korean steelmaker POSCO was hit with punitive duties because the DOC could not confirm some of the answers to the Commerce questionnaire.
If you have any questions we recommend attending our 6th Steel Summit Conference as Lewis Leibowitz will be addressing the gathering on Monday, August 29th at 3:30 PM. Details about the conference can be found on our website: www.SteelMarketUpdate.com.
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.
Price: Is It Nippon Steel USA or a partnership? And what does that mean for imports?
The document makes clear that Nippon Steel, through Nippon Steel America, will have “100% ownership of [the] common stock.” So if you want to own an interest in U.S. Steel’s future success, you will need to buy shares in Nippon Steel on the Nikkei stock exchange. It certainly will not be in your domestic S&P 500 ETF.
CSPA, USW say Canadian government’s steel action ‘falls short’
CSPA, USW disappointed in Canadian government's actions on steel.
Canada, mirroring the US, plans to take harder line on imported steel and aluminum
The actions, which includes tariffs, are necessary to protect the Canadian market from global overcapacity. They are also needed because other countries have redirected material to Canada as a result of higher US tariffs, Carney said.
Industry cautiously optimistic despite lack of steel specifics in US-UK trade deal
Details of a new tariff-rate quota on US imports of British steel are lacking in the new US-UK trade deal.