Commerce Finds Critical Circumstances in Tin Mill Trade Case

Commerce this week preliminarily ruled that critical circumstances exist for just one Chinese company – Baoshan Iron. The company has failed to cooperate with Commerce, according to a Federal Register filing.

‘Critical circumstances’ exist when there are “massive imports” over a “relatively short period” of time, according to Commerce’s rules. An increase of 15% or more in imports from a base period is considered “massive.”

In this case, Commerce considered the four months immediately preceding and the four months following the filing of the original petition in January. When comparing the base period of November 2022 through January 2023, the agency found a 23.6% increase in the subject imports from February through April 2023.

If Commerce makes the same affirmative critical circumstances finding in its final ruling, scheduled for Oct. 30, CVDs will be applied against, and cash deposits will be required on, imports from Baoshan beginning on March 28, 2023. That’s 90 days before Commerce’s preliminary determination.

In that preliminary decision, Commerce determined countervailable subsidy rates of 542.55% for Baoshan, and 89.02% for Jingtang, and all other Chinese companies.

Imports of Chinese tin mill products have been subject to those CVDs since Commerce’s initial ruling in June.

By Laura Miller, laura@steelmarketupdate.com