The Department of Commerce announced adjustment to the antidumping duties assigned to Australia, Korea and Turkey in the hot rolled steel investigation. Regarding the Australia AD orders, Commerce agreed with the Petitioners that there were two ministerial errors. The Department failed to fully adjust BlueScope Steel’s normal value for processing revenue and freight revenue. It, […]
Steel Market Update spoke with two sources regarding the most recent complaint filed by the domestic mills against Vietnam and China for circumvention of duties (China) on cold rolled and CORE (corrosion resistant steels such as galvanized and Galvalume) products. One of the tenants behind the accusations made by the domestic steel mills is the […]
Steel Market Update spent a good portion of our day today talking with steel traders and end users who have exposure (orders on the books not yet delivered) to Vietnamese cold rolled and/or galvanized/Galvalume steels. We were trying to determine how the importers of record were handling any orders on the books. What we found […]
On Thursday, September 22, 2016 four steel mills: ArcelorMittal USA, Nucor, AK Steel and US Steel submitted petitions asking the US Department of Commerce to review imports of cold rolled and corrosion resistant steels (galvanized and Galvalume) arriving in the United States from Vietnam as actually being a way for China to circumvent antidumping and […]
Steel Market Update reached out to trade attorney Lewis Leibowitz and to review the Vietnam CORE (corrosion resistant steels = galvanized and Galvalume) filing by California Steel and Steel Dynamics. The filing was made by the law firm Schagrin Associates. I only have time for a brief response after quickly reviewing the Schagrin filing asking […]
We might as well get the debate started. The circumvention complaints against Vietnam have prompted comments and a healthy discussion is needed as the industry tries to wrap its collective mind around the facts of the latest request of the US Department of Commerce to stop Vietnamese exports of cold rolled and coated steels. We […]
Earlier today California Steel and Steel Dynamics filed a Request for Circumvention Ruling with the U.S. Department of Commerce against Vietnam. One of the trading companies Steel Market Update spoke to this afternoon termed the complaint a “game breaker” for steel trading companies importing foreign steel who will now shy away from any country that […]
Last summer the U.S. Congress passed the ENFORCE Act. The ENFORCE Act provides a path for U.S. companies to ask for investigations of foreign products (and the importer of record) when a question arises as to evasion of duties through misrepresentation of the product/source country, etc. Last week Wheatland Tube became the first company to […]
Friday, the Department of Commerce announced its affirmative preliminary determinations in the antidumping investigations of imports of certain carbon and alloy steel cut-to-length plate (CTL plate) from Brazil, South Africa, and Turkey. CTL plate is a flat-rolled carbon and alloy steel product that is 4.75 mm or more in thickness and that has a defined […]
Wheatland Tube, a division of Zekelman Industries, has filed one of the first allegations of duty evasion under the new ENFORCE Act. The allegation was filed Wednesday with the U.S. Customs and Border Protection (CBP) charging duty evasion by Chinese imports of circular welded steel pipe. The pipe in question is used in solar projects […]
Australia has initiated a review of antidumping measures on imports of Aluminum Zinc Coated Steel from China. Jiangyin Zongcheng Steel Co. and Angang Steel Co. applied to the Antidumping Commission to review the import duties assessed on August 5, 2013. Angang Steel currently has AD duties of 5.8 percent and Jiangyin 18.1 percent. The review […]
The U.S. International Trade Commission announced its AD/CVD determinations on Monday in the investigation of imports of hot-rolled steel flat products from Australia, Brazil, Japan, Korea, the Netherlands, Turkey, and the U.K. A final determination of injury was found by the ITC in the antidumping investigation of imports from Australia, Brazil, Japan, Korea, the Netherlands, […]
US Steel President and CEO Mario Longhi said he is encouraged by the affirmative determinations in the recent AD/CVD investigations of hot-rolled, cold-rolled and corrosion resistant steels. Said Longhi in a statement released following the ITC determination on hot-rolled steel: “It is clear that the International Trade Commission recognized the significance of this case to […]
Brazil will fight the U.S. imposed dumping duties on steel products through a trade dispute at the World Trade Organization, according to Brazilian Trade Minister Marcos Pereira. Reuters reported on Tuesday, that Pereira expects the Brazilian foreign trade office to approve the initiation of cases regarding cold-rolled and hot-rolled steel. “I will defend that position… […]
The Department of Commerce announced an affirmative preliminary decision in the investigation of dumping of imports of stainless steel and strip from China. The China-wide rate assigned was 76.64 percent due to a failure of producers and exporters to respond to Commerce’s request for information. Non-selected separate rate respondents received a dumping rate of 63.86 […]
The Congressional Steel Caucus introduced a House resolution last week that calls for the Administration to take action regarding non-market economy (NME) countries to protect U.S. manufacturing jobs and economic security. Chairman Tim Murphy (R-Pa) and Vice-chairman Peter J. Visclosky (D-IN) introduced the bill, along with 23 bipartisan cosponsors, that addresses market-distorting policies and subsidization […]
The Department of Commerce announced an affirmative preliminary determination in the countervailing duty investigation of cut-to-length steel plate from China but a negative determination in the CVD investigation of imports of CTL plate from Korea. Exporter and producers in the China investigation received subsidy rates of 210.5 percent based on available adverse facts (they did […]
US Steel presented its arguments to the US International Trade Commission on why its Section 337 price fixing claim should not be terminated. Counsel for US Steel told Administrative Law Judge Dee Lord that the Respondents from China have presented a “flawed misapplication of law governing pricing fixing and Section 337 investigations.” “Accepting Respondents’ erroneous […]
The U.S. International Trade Commission (ITC) reported their Final Determinations in the antidumping and countervailing duty investigation on cold rolled steel from Brazil, India, Korea, United Kingdom and Russia. The ITC affirmed injury from all of the countries with the exception of Russia. Imports of cold rolled out of Russia were determined to be negligible […]
A final decision on the section 337 case brought against China by US Steel has been delayed until March 2, 2018 from the current target date of Oct. 2, 2017. Separate hearings have been scheduled for the allegations of theft of trade secrets and for the allegations of transshipment and price fixing. The trade secret […]
Lewis Leibowitz opened the 6th Steel Summit in Atlanta, GA with a recap of what is happening in the trade regulation of steel imports. In a quick poll preceding the presentation, the audience by a 53 percent to 47 percent vote said they were in favor of dumping suits. An overwhelming 97 percent said they […]
The USITC issued a final determination today that the U.S. industry is materially injured by the import of heavy walled rectangular welded carbon steel pipes and tubes from Korea, Mexico and Turkey and that the products from Turkey are sold in the U.S. at less than fair value and subsidized by the Turkish government. Antidumping […]
The Canadian International Trade Tribunal has renewed its dumping finding against China, Brazil and Ukraine and its subsidy finding against India in regards to the import of hot rolled steel sheet and strip. The CITT decision extends antidumping and subsidy duties another five years. In a press release from Essar Steel Algoma, applauding the decision, […]
Mexican steel association CANACERO welcomed antidumping duties placed on galvanized sheet steel and wire rod imported from China and Taiwan. The Mexican Ministry of Economy placed duties of up to USD$0.563 per kilogram on galvanized sheet from China and Taiwan and USD$0.49 per kilogram on wire rod from China. Said CANACERO in a statement: “Unfair […]
Another round of antidumping duties was imposed on hot rolled steel products on Tuesday, August 9, but this time from the Commerce Ministry of India. India slapped duties of hot rolled flat products of alloy or non-alloy steel from China, Japan, Korea, Russia, Brazil and Indonesia. The duties range between $474-557 per tonne. Duties of […]
Korean steel producer POSCO said it will take action against antidumping and countervailing duties imposed by the U.S. Department of Commerce last week on exports of hot-rolled steel. Countervailing duties of 57.04 percent were levied against POSCO while competitor Hyundai Steel, and all other Korean producers, received duties of 3.89 percent. A POSCO official called […]
We thought now would be a good time to revisit each of the antidumping and countervailing duty trade suits to report exactly where each one stands at this time. We are reaching the point where most will be through the entire process with the last step being the ITC (International Trade Commission) final determination. As […]
We thought now would be a good time to revisit each of the antidumping (AD) and countervailing duty trade suits associated with flat rolled steel or plate to report exactly where each one stands at this time. We are reaching the point where most will be through the entire process with the last step being […]
There were some surprises on Friday afternoon when the U.S. Department of Commerce came out with their final determinations regarding antidumping and countervailing duties on hot rolled steel. Perhaps the biggest surprise was saved for POSCO out of Korea and the joint venture partner with US Steel on USS/POSCO mill in California. The UPI mill […]
On Friday the U.S. Department of Commerce announced their final determination findings on hot rolled steel dumping margins and countervailing subsidy rates for Brazil, South Korea, Australia, Turkey, Japan, United Kingdom and the Netherlands. In the article above we reproduced the press release provided by the Commerce Department. In this article we are going to […]