Steel Market Update (SMU) published an article in Tuesday evening’s newsletter entitled, “The Data Shows the Trade Cases Have Failed. The Question is Why?” and we have gotten some responses to this article that we would like to share with our readers. A manufacturing company sent us the following note: “Steel will “leak” into the […]
If the goal of the 2015 CORE, cold rolled and hot rolled trade cases was to reduce the number of foreign steel tons coming into the United States, well, the data says the cases did not complete their mission. There is one exception, hot rolled steel imports did indeed move lower and continue to move […]
Germany is seeking help from the European Union in its dispute with the United States regarding the alleged dumping of steel into the U.S. market. In a letter to EU trade commissioner Cecilia Malmstrom, German foreign minister Sigmar Gabriel asked the Commission to urge the United States to follow World Trade Organization rules when deciding […]
Turkey has filed a complaint with the World Trade Organization against U.S. countervailing duties placed on imports of pipe and tube products. Turkey requested the WTO initiate dispute consultation with the United States alleging the U.S. determination and imposition of duties was inconsistent with the WTO’s Agreement on Subsidies and Countevailing Measures (SCM Agreement) and […]
The following article was written by trade attorney Lewis Leibowitz for Steel Market Update readers: “Circumvention” is a loaded word suggesting evasion of responsibility or getting around something. It smacks of dishonesty, immorality, subterfuge. Frequently, loaded words are designed to create just such an impression. When you hear words like the “People’s Democratic Republic […]
The U.S. International Trade Commission issued two new final determinations on Wednesday related to imports of steel products from China. The ITC determined that the U.S. industry is materially injured by the imports of carbon and alloy steel cut-to-length plate from China. Countervailing subsidy rates of 251.00% and antidumping margins of 68.2 percent will be […]
The Department of Commerce, on March 1, issued affirmative preliminary determinations on the antidumping investigations of imports of steel concrete reinforcing bar (rebar) from Japan, Taiwan, and Turkey. Japan received preliminary dumping margins of 209.46 percent; Taiwan dumping margins ranged between 3.48 percent and 29.47 percent; and Turkey margins ranged from 5.29 percent to 7.07 […]
Following the DOC determination of AD/CVD duties on imports of stainless steel products, China issued a statement expressing its disappointment that the United States continues to follow its path of protectionism. “China is disappointed that the United States continued to launch high taxes on Chinese steel export products and calls into question the unfair way […]
On January 18, 2017, the Department of Commerce announced its final affirmative determinations in the antidumping and countervailing investigations of imports of cut-to-length steel plate from China. The China-wide rate for antidumping was established at 68.27 percent. The China-wide entity was assigned duties based on adverse facts for failure to cooperate with the investigation. The final subsidy […]
We were asked a question by one of our readers regarding importations of fabricated steel products. They wanted to know how can their company be assured the roll-formed products made from steels covered under the AD/CVD orders are exempt from the scope of the orders. We turned around and asked trade attorney Lewis Leibowitz to […]
The U.S. International Trade Commission made its final affirmative determination that the U.S. steel industry was materially injured by imports of cut-to length steel plate from Brazil, South Africa, and Turkey. On January 6, 2017, the USITC determined that the products were sold at less than fair value in the U.S. but did not find […]
The US International Trade Commission announced last week that it will review an initial determination of Administrative Law Judge Sandra Lord in the US Steel Section 337 case against China. On November 14, 2016, Lord granted a motion by respondents to terminate US Steel’s antitrust claim in the Section 337 investigation. US Steel Corp. and […]
The anniversary of China joining the World Trade Organization has passed without the key governments of the EU, Japan and the United States recognizing China as a market economy. The following statement is from the Chinese Minister of Commerce Gao Hucheng, published in the People’s Daily and on the Ministry of Commerce website on December […]
The fifteenth anniversary of China’s accession to the World Trade Organization has passed without China receiving its coveted market economy status. The United States, European Union and Japan said they will continue to treat China as a non-market economy. A change in status would protect Chinese exporters from tariffs that the U.S., EU and others […]
The Department of Commerce has assigned antidumping margins on large residential washing machines from China following an affirmative final determination on December 9, 2016. The imported machines, which are constructed of flat-rolled steel, were found to be sold at less than fair value in the United States. Although Commerce found critical circumstances existed during the […]
The European Commission will begin a new antidumping investigation of Chinese steel imports after finding that a complaint by steel association Eurofer merits inquiry. Eurofer alleged in a complaint on Oct. 24, 2016 that imports of certain corrosion resistant steels from China are being dumped and causing material injury to the EU steel industry. The […]
The Department of Commerce has announced its affirmative final determinations in the antidumping investigations of imports of steel cut-to-length plate from Brazil, South Africa and Turkey. Brazil mandatory respondents were assigned dumping margins of 74.52 percent based on adverse facts for failure to cooperate in the investigation. All other producers and exporters in Brazil will […]
The U.S. International Trade Commission delivered a surprising decision in the US Steel Section 337 case against China. In its complaint, US Steel alleged that China was violating antitrust laws in a “conspiracy to fix prices and control output and export volumes, the threat or effect of which is to restrain or monopolize trade and […]
The World Trade Organization said 85 trade-restrictive measures were implemented by G20 economies from mid-May to October 2016, approximately 17 measures per month. The number is a slight decline from 21 per month reported in the previous reporting period but continues to be high compared to the roll-back of existing trade-restrictive measures. During the reporting […]
We received a question from the financial community about “significant transformation” and the U.S. Department of Commerce initiation of an investigation into circumvention by China where hot rolled or cold rolled substrate is sent to Vietnam where it is then converted to cold rolled (from HRC) or coated steels. Their question was about the following […]
Brazil has filed a complaint with the World Trade Organization (WTO) against the United States over countervailing measures on imports of Brazilian cold- and hot-rolled steel flat products and requests dispute consultations with the U.S. In the November 11 filing, Brazil alleges the U.S. has been inconsistent with a number of procedural and substantive provisions […]
On Monday the U.S. Department of Commerce initiated an investigation against China for trying to circumvent antidumping and countervailing duty orders. The DOC was responding to petitions filed by the domestic steel industry on cold rolled. The DOC also initiated an investigation on CORE (corrosion resistant) which SMU will cover in a separate article. There […]
On Monday the U.S. Department of Commerce, responding to petitions from ArcelorMittal, Nucor, US Steel, AK Steel, Steel Dynamics and California Steel, initiated an inquiry of circumvention of the antidumping (AD) and countervailing duty (CVD) orders against China. The probe will be for hot rolled and cold rolled substrate supplied by China to Vietnam for […]
The Department of Commerce announced on Monday its affirmative preliminary determinations in the antidumping investigations of imports of certain carbon and alloy steel cut-to-length plate (CTL plate) from Austria, Belgium, China, France, Germany, Italy, Japan, Korea, and Taiwan. CTL plate is a flat-rolled carbon and alloy steel product that is 4.75 mm or more in […]
AISI, Washington, D.C. (Oct. 27, 2016) – The American Iron and Steel Institute (AISI) today submitted comments to the Trade Policy Staff Committee (TPSC) on USTR’s 2017 National Trade Estimate Report (NTE) on Foreign Trade Barriers. This submission marks the fifth year in a row that AISI has documented the foreign trade barriers that distort […]
The Brazilian Steel Association has requested that the World Trade Organization initiate a “bilateral consultation” with the United States regarding the countervailing duties applied against imports of Brazilian hot and cold-rolled steel. The Association claims that the U.S. Department of Commerce did not take into consideration in their determination of “actionable subsidies” the explanations by […]
The World Trade Organization requires members to inform the organization of any domestic subsidy programs they are providing to industries. The WTO said compliance with the obligation to notify “remains discouraging low.” “As of today, a total of 89 members have not yet made their 2015 new and full subsidy notification, for which the deadline […]
On Monday, the U.S. Department of Commerce (Commerce) announced its affirmative final determinations in the antidumping investigations of imports of circular welded carbon-quality steel pipe from Pakistan, Oman, the United Arab Emirates, and Vietnam, and the countervailing investigation of imports of the same merchandise from Pakistan. The investigations cover welded carbon-quality steel pipe and tube, […]
Turkish steel producers have filed new antidumping and countervailing duty petitions on hot-rolled coil imports from China, Russia and Ukraine. An AD investigation was previously initiated in January 2015 on HRC imports from China, Japan, France, Russia, Ukraine, Romania and Slovakia in January 2015 but was terminated by the Turkish Economy Ministry after petitioners withdrew […]
Steel Market Update asks our readers to interact with us anytime they need help finding information or if they have a question about the steel industry. During the process of responding to these requests many times we find ourselves doing research on a topic that would be of interest to a larger audience. On Friday […]