Trade Cases
ITC Lets Import Duties on Brazilian CRC Expire
Written by Laura Miller
July 20, 2022
The US International Trade Commission has completed five-year sunset reviews of import duties on cold-rolled steel flat products from six countries. While determining that the duties on imports from five of the countries should be continued, the ITC also decided to allow the duties on Brazilian product to expire.
The ITC conducted full sunset reviews of the duties beginning in June 2021. Full reviews include hearings and investigative activities, while expedited reviews do not.
The ITC found that the domestic industry would be likely to suffer continuing injury should the antidumping duty orders on CR sheet from China, India, Japan, South Korea, and the UK be revoked. Therefore, the duties which were originally imposed in 2016 will remain in place for those countries for at least another five years.
At the same time, the Commission found that removing both antidumping and countervailing duties on CR imports from Brazil would not be likely to lead to the continuation or recurrence of injury to the domestic industry. Thus the duties, which have been in place for just five years, will now be revoked. CR steel flat products may now be imported from Brazil without being subject to antidumping or countervailing duties.
The ITC will release its full public report on these reviews by August 17, 2022.
The Commission also recently determined that import duties on corrosion-resistant steel products should not be allowed to sunset.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Trade Cases
Steel groups voice different takes on US-EU trade deal
US and European steel trade groups were at odds over their reaction to the recent trade deal President Trump brokered with the EU.
Here’s what’s up next in the big coated steel trade case
Attorneys representing domestic petitioners and foreign respondent companies have been busy filing case briefings and making rebuttals as the corrosion-resistant steel unfair trade investigations begin to wind down.
Price: Which countries get a ‘zonk’ in Trump’s primetime ‘Let’s Make a (Trade) Deal’ show?
As the president’s August 1 tariff deadline approaches, the “Let’s Make a Deal” game show returns to primetime (the Monty Hall version, of course). As the administration begins rolling out trade deals, we are starting to see what’s behind door number one and who is getting a “zonk.”
Trump says Canada deal might not happen: Report
President Trump said a negotiated deal with Canada might not occur, and all existing tariffs, along with those set to take effect soon, will stay in place, according to media reports.
Steel trade groups applaud Trump’s S232 tariffs
Five trade organizations involved with North American steel have praised President Trump’s Section 232 tariffs on steel for helping the domestic industry.