Trade Cases
Commerce Initiates AD/CVD Investigation on Imports of Seamless Pipe
Written by Sandy Williams
July 30, 2020
Imports of seamless carbon and alloy steel standard, line and pressure pipe from the Czech Republic, Russia, South Korea and the Ukraine are subject to a new antidumping investigation by the Commerce Department. In addition, a countervailing duty investigation regarding these products has been initiated on imports from Russia and Korea.
The petition was filed by Vallourec Star, LP.
In the Russia and Korea CVD investigations, Commerce will determine whether Russian and Korean producers of subject merchandise are receiving unfair government subsidies. For Russia, Commerce will investigate 11 subsidy programs, including preferential lending, grant programs, and the provision of natural gas for less than adequate remuneration. For Korea, Commerce will investigate 38 subsidy programs, including preferential lending, tax programs, export insurance, grants and electricity subsidies.
The alleged dumping and countervailing rates are:
Initiation Dumping Margins
- Czech Republic 50.45-51.70%
- Russia 41.07-273.47%
- Korea 114.80-131.31%
- Ukraine 42.38-42.88%
Initiation Subsidy Rates
- Russia Above de minimis
- Korea Above de minimis
*de minimis= less than 1% for developed countries, less than 2% for developing countries.
Commerce is expected to make its preliminary determinations for the AD/CVD investigation by Aug. 24, 2020.
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Leibowitz: With ‘reciprocal’ tariffs struck down again in court, what happens next?
President Trump’s “reciprocal” tariffs under the International Emergency Economic Policy Act (IEEPA) were struck down again, this time on Aug. 29 by the Court of Appeals for the Federal Circuit (CAFC). The legal and policy mess continues, with the next stop being the US Supreme Court.
Market unfazed by US circuit court’s IEEPA decision
Repealing any reciprocal tariffs placed by President Donald Trump on US imports of direct reduced iron (DRI), iron ore, hot-briquetted iron (HBI), and pig iron would have only a nominal impact on the US steel market, market participants said.
ITC votes to keep HR duties after sunset review
The US government determined this week that hot-rolled steel imports from a handful of countries continue to threaten the domestic steel industry.
Steel Summit: Zekelman advocates for ‘Fortress North America’
Barry Zekelman has a unique vantage point from which to view today’s trade landscape. A Canadian national who owns operations in both the US and Canada, he has also had dialogue with both Canadian and American administrations.
Steel Summit: Execs urge clarity on trade/tariff policy, want stronger USMCA
Tariff policy dominated the discussion of the SMU Steel Summit trade panel on Tuesday afternoon. The message was clear: uncertainty is rattling the steel supply chain.