Trade Cases

AD Orders on CTL Steel Plate Imports To Remain for China, Russia and Ukraine
Written by Sandy Williams
June 7, 2021
The U.S. International Trade Commission voted to continue antidumping orders on imports of cut-to-length carbon steel plate from China, Russia and Ukraine. Removing the orders, said the Commission in its sunset review, would “likely lead to continuation of recurrence of material injury within a reasonably foreseeable time.”
The original investigation into CTL steel plate imports from China, Russia and Ukraine was initiated in 1997, covering imports to the U.S. in 1995. On October 24, 1997, Commerce entered into suspension agreements with the three parties, restricting the volume of imports to the U.S. The suspension agreements continued for several years until November 3, 2003 when Commerce terminated the suspension agreement and imposed antidumping duties on CTL plate from China. The suspension agreements for Russia and Ukraine and the antidumping duties for China remained in place through the third sunset review in 2015 and were reaffirmed in the fourth review last week.
Steel plate has been in short supply in the U.S. with prices averaging $1,405 per ton ($70.25 per cwt) when this article was filed. That’s up 60.6% from $875 per ton at the beginning of the year and more than double $600 per ton in early June of 2020, per SMU pricing records.
Plate lead times, meanwhile, stand at six to nine weeks.
By Sandy Williams, Sandy@SteelMarketUpdate.com

Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases

Leibowitz: When the shutdown should end
There is no doubt that the current government shutdown reflects the vast divisions between the extremes of American politics, society, and even geography. Almost all Americans agree that government is necessary, but voters disagree...

Price: The U.S. Steel shutdown that wasn’t and a call to stop ‘valuation cheating’
How can the U.S. government block U.S. Steel’s Granite City rolling mill closure without harming other American steelmakers? Reducing imports should be the first step. Foreign producers continue to aggressively target the U.S. market, especially now as they find themselves displaced by Chinese exports.

US steel industry applauds ITC final determination in coated trade case
Domestic mills praised the US International Trade Commission’s (ITC's) final determination that imports of corrosion-resistant (CORE) steel from 10 countries pose a threat to them.

ITC’s final ruling: Dumped, subsidized CORE imports are harming domestic market
The US International Trade Commission (ITC) finds that corrosion resistant steel (CORE) imports from 10 countries have caused material damage to domestic product producers, according to the ITC’s statement.

Leibowitz: Trump’s tariffs confront a weakening market
Signs of weakness are already appearing in the tariff wall. The economy has slowed to the point that the Federal Reserve cut interest rates by 0.25%, or 25 basis points, last week. The cut came even as the rate of inflation continues to hover well above the Fed’s 2% target rate.