Update on Trade Suits

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.