Government/Policy
April 4, 2022
Written by Michael Cowden
The US Department of Commerce has decided to continue countervailing duties of 4.35 percent on cut-to-length steel plate from South Korea.
“Commerce determines that revocation of the (duty) Order would be likely to lead to continuation or recurrence of countervailable subsidies,” according to an entry in the Federal Register dated Friday, April 1, 2022.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.
The phrase “Fortress North America” seems to resurface anytime US, Canada, and Mexico trade negotiations roll around. The idea of an economic Fortress North America burst onto the scene in the late 1980s and early 1990s in the lead up to NAFTA. In theory...
The Commerce Department has found high dumping rates of Chinese tin mill products in the US market.
In the trade case investigating subsidized wire rod imports from Algeria, the Commerce Department set final subsidy rates and officially issued the countervailing duty (CVD) order.