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 on trade: Where is the voice of the consumer?
The election campaign is white-hot right now, and the Biden administration is touting its protectionist message. Just this past week, the Office of the US Trade Representative (USTR) touted this message. In a release entitled “What They are Saying,” USTR quoted many of the usual protectionist groups praising government action against Chinese steel exports and shipbuilding. Consuming industries in the United States, which employ many times the American workers as the industries seeking trade protection, were not mentioned.
Price: Why have steel emissions policies forgotten about recycling?
Steelmaking currently accounts for approximately 8% of global greenhouse gas emissions. The only way to achieve net zero goals is to significantly reduce steel emissions worldwide. And there is no way to do that without recycling.
USTR targets China in new 301 probe; Biden calls for higher tariffs
The Biden administration on Wednesday announced measures to support the domestic steel industry.
Price: New trade rules will help domestic industries fight “unfair” trade
The Department of Commerce (DOC) has issued new rules to combat evolving "unfair" trade practice — including the unfair trade of steel products. They go into effect on Wednesday, April 24.
CRU: Mexico to toughen controls on steel imports
To ease trade tensions with the United States, the economy ministry in Mexico is preparing measures to strengthen definitions on steel being shipped into the country. Mexico has faced accusations it is being used as a route for steel and aluminum produced in Asia to be sent on to the US, so-called triangulation.