Steel Products
CTL Plate Duties To Stay in Place After Sunset Review
Written by Laura Miller
August 10, 2023
Antidumping and countervailing duties on cut-to-length carbon-quality plate imports from India, Indonesia, and South Korea will remain in place for another five years.
The US International Trade Commission (ITC) issued its final injury determination in a sunset review of the duties on Thursday, Aug. 10.
The Commission voted that revoking the duties – or allowing them to ‘sunset’ – would lead to the continuation of injury to the domestic industry.
As a result of the vote, the existing AD and CVD orders will continue for five more years.
The ITC’s decision follows the Commerce Department’s findings that revoking the duties would lead to the continuation of dumping at margins of 42.39% for India, 52.42% for Indonesia, and 6.09% for South Korea.
Commerce also determined subsidies would continue at rates of 12.82% for India, 15.90-47.71% for Indonesia, and 1.99-2.02% for South Korea.
Earlier this year, the ITC also voted to uphold duties on carbon and alloy CTL plate from Austria, Belgium, China, France, Germany, Italy, Japan, South Africa, South Korea, Taiwan, and Turkey. At the same time, it decided to allow the duties on the product from Brazil to expire.
Sunset reviews are required by international law to be conducted every five years to account for changes in the market.

Laura Miller
Read more from Laura MillerLatest in Steel Products

Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.

Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks.

April service center shipments and inventories report
Flat rolled = 57.6 shipping days of supply Plate = 54.5 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply edged up in April, as shipments slowed. At the end of April, US service centers carried 57.6 shipping days of supply, according to adjusted SMU data. This is up from 56.4 shipping […]