Commerce Updates Import Duties on CTL Plate

In the AD duty review of Italian CTL plate shipments during the one-year period ended April 30, 2021, Commerce set rates of 1.47–20.44% (see list below). The 1.47% rate for NLMK Verona is down just slightly from the 1.57% found in the prior year review, while the 4.43% rate set for a handful of companies is up from 1.57%. Officine Tecnosider’s 20.44% is up from the all-others rate of 6.08%.

From January to October of this year, Italy sent just 857 metric tons of CTL plate to the US, according to data from the US government.

Commerce looked at the 2020 calendar year in the latest review of the CVDs on South Korean CTL plate. It set a 0.33% de minimis rate for Posco while keeping the all-others rate at 3.72%. The rate for 40 specific companies was set at 0.42% de minimis in the prior year review; those companies will continue to receive that rate. A de minimis rate below 0.5% means no cash deposit is actually required.

In the final results of the most recent review of the AD duties on South Korean CTL plate, Commerce set a dumping margin of 2.59% for Posco. The all-others AD rate remains at 7.1%. Commerce considered shipments during the one-year period ended April 30, 2021.

In the first 10 months of the year, South Korea sent 181,219 metric tons of CTL plate to the US.

South Korea’s annual hard quota on CTL plate is currently set at 202,530.628 metric tons (223,251.8 net tons). Once that threshold is reached, no more South Korean CTL plate can be brought into the US until the quota refreshes on Jan. 1, 2023. The absolute quota agreement has been in place since 2018 when the country was granted an exemption to the 25% Section 232 tariffs.

By Laura Miller, Laura@SteelMarketUpdate.com