Steel Products
Preliminary CVD Duties on Chinese Tool Chests
Written by Sandy Williams
September 12, 2017
The U.S. Commerce Department today announced an affirmative preliminary determination in the countervailing duty investigation on exports of metal tool chests and cabinets from China. Commerce calculated preliminary subsidy rates ranging from 17.32 percent to 32.07 percent.
U.S. imports of tool chests and cabinets from China were valued at an estimated $989.9 million in 2016, compared to $658.1 million in 2014. The investigation was initiated following a petition filed in April by Waterloo Industries, Sedalia, Mo.
{loadposition reserved_message}
“The subsidization of goods by foreign governments is something the Trump administration takes very seriously,” said Secretary of State Wilbur Ross. “The Department of Commerce will continue to stand up for American workers and businesses in order to ensure that China does not take advantage of the most open market in the world.”
Commerce will announce its final determination by Nov. 23. The U.S. International Trade Commission is expected to make its final determination on injury or threatened harm to the domestic industry by Jan. 6, 2018. If both determinations are affirmative, Commerce will issue CVD orders.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Steel imports strengthen through April licenses
March 2024 represents the third highest monthly steel import rate seen over the prior year.
Active rig counts mixed entering May
Drilling activity declined in the US but increased in Canada, according to the latest data from Baker Hughes.
AISI: US steel shipments slip y/y in March
US steel mill shipments dropped in March on-year but were up from February, according to the most recent figures from the American Iron and Steel Institute (AISI).
Northwest Pipe profits soar in first quarter
Northwest Pipe’s profits more than doubled in the first quarter on-year, as the company expects a strong remainder of the year in both its steel pressure pipe and precast segments.
CRU aluminum: Extrusion shipments, earnings highlights
Latest AA extrusion shipment report shows persistently weak demand The US Aluminum Association released its latest shipment report for extruded products. According to the report, shipments in March 2024 totaled 383.2 million pounds, representing a drop of 10.6% y/y but a rise of 4.5% m/m. For the YTD period through March, total shipments are now […]