Government/Policy
US Plate Mills Seek End to Russian Plate Suspension Agreement
Written by Laura Miller
April 27, 2023
US plate producers are seeking to have the suspension agreement on Russian plate imports tossed and to be replaced with antidumping duties (AD).
Nucor, Cleveland-Cliffs, and SSAB have asked the US Department of Commerce to terminate the AD suspension agreement on carbon steel plate from Russia. The producers say that the agreement is no longer meeting certain requirements of the Tariff Act of 1930, according to a Federal Register filing, and are asking for an AD order to be imposed on the cut-to-length plate imports from Russia instead.
The original suspension agreement dates back to 2003. The US industry did not even want the agreement at that time, a domestic industry attorney told SMU – it was made for political reasons. Now that relations with Russia have deteriorated even further, and considering that the Federation is no longer considered a market economy, the agreement is no longer in the public interest, the attorney said.
Commerce is evaluating the steelmakers’ request and seeking public comment from interested parties on whether they agree that the agreement is no longer meeting its statutory requirements. Parties have until May 24 to submit comments via this website.
According to data from the US International Trade Commission’s DataWeb, CTL plate imports from Russia totaled less than 76 net tons in 2020 and 110 tons in 2021. None of the Russian product was imported in 2022 or in any month so far this year.
As of deadline, neither Nucor, Cleveland-Cliffs, nor SSAB Americas had responded to SMU’s request for comment.
Laura Miller
Read more from Laura MillerLatest in Government/Policy
Leibowitz: Is the China truce real or a Band-Aid?
US President Donald Trump and Chinese President Xi Jinping on Thursday had a much-anticipated meeting. Is it only a hiatus in the trade war, or did it really change the situation? I suspect the former, I but hope for the latter.
Price on Trade: The foolishness of free trade with controlled economies
It was only a matter of time before a shutdown happened. And, no, we aren’t talking about the federal government’s lapse in appropriations. On Oct. 9, Beijing announced a series of restrictions that will effectively shut down exports of rare earth elements, magnets, and certain downstream products vital to advanced manufacturing.
Trump pulls plug on trade talks with Canada after anti-tariff Reagan ad
US President Donald Trump took to social media late Thursday night to announce he was canceling trade talks with Canada.
Leibowitz: Renewed trade war with China over rare earths
On Oct.10, President Trump announced major increases in tariffs on Chinese goods. The trigger was a new regime of export controls on rare earth metals and products using those elements, including magnets, capital equipment, and catalysts for catalytic converters in cars and trucks.
Industry piles on new Section 232 steel derivative inclusion requests
The Department of Commerce received 97 submissions from producers, manufacturers, and groups seeking Section 232 tariff coverage for steel and aluminum derivative products.
