Four U.S. steel producers announced earnings this past week. During their earnings conference calls held with analysts the steel mills addressed questions/concerns regarding foreign steel being exported to the United States. The domestic mills filed trade cases against corrosion resistant steels (such as galvanized and Galvalume) as well as cold rolled and hot rolled steels. […]
We spent some time combing through the latest foreign steel import trade data provided by the U.S. Department of Commerce by product to see what impact, if any, the trade suits have been having on tonnages coming into the U.S. In the tables we have provided, we are showing the months of November (Final Census), […]
With all of the key flat rolled products, hot rolled, cold rolled and corrosion resistant steels involved in antidumping and countervailing trade suits and the results of the preliminary determinations coming out it can be daunting to keep track of where each case rests at this point in time. Steel Market Update reached out to […]
The U.S. Department of Commerce issued their Preliminary Determination on countervailing duties (CVD) of hot rolled coil from Brazil, Turkey and South Korea. Affirmative results were found against Brazil with CSN and Usiminas both receiving subsidy rates of 7.42 percent. All other Brazilian mills not named also received 7.42 percent subsidy rates. Turkey and South […]
We thought our readers might find it interesting to review the past four years worth of imports from the three countries mentioned in the countervailing (CVD) duty preliminary determination just released by the U.S. Department of Commerce. The numbers in the table below are net tons and are annualized (yes, Brazil only shipped 4,467 tons […]
Steel Market Update received the following press release from the US Department of Commerce International Trade Administration regarding the release of the preliminary determination for the hot rolled countervailing duty portion of the hot rolled trade case: On January 11, 2016, the Department of Commerce is scheduled to announce its preliminary determinations in the CVD […]
The Canadian International Trade Tribune determined on Jan. 6 that the dumping of hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from India and Russia have not caused injury and are not threatening to cause injury to the domestic industry. CITT also found no injury from the subsidizing of those […]
Last week the U.S. Department of Commerce announced the Preliminary Determination of the Antidumping (AD) portion of the CORE (corrosion resistant – galvanized, Galvalume, aluminized, etc.) trade suit. We have received a number of questions/comments regarding the actual impact of the various rulings and what the ultimate cash deposits (not duties yet) will be. Last […]
Late this afternoon the US Department of Commerce released their Preliminary Determination regarding antidumping of corrosion resistant steels from China, India, Taiwan, Korea and Italy. China was smacked the hardest and received margins of 255.80 percent while India (6.64-6.92%), Korea (2.99-3.51%) and Italy (0.0-3.11%) were slapped on the wrists. Taiwan received no antidumping margin what-so-ever. […]
On Dec. 21, the Department of Commerce (Commerce) announced its affirmative preliminary determination in the countervailing duty (CVD) investigation of imports of heavy walled rectangular welded carbon steel pipes and tubes from Turkey. The investigation covers heavy walled rectangular welded carbon steel pipes and tubes, which are rectangular (including square) welded carbon steel pipes and […]
Mexico will launch an antidumping probe on imports of Chinese cold-rolled flat coated steel. The investigation was prompted by a complaint by steelmakers Ternium Mexico and Tenigal which claimed the surge of imports between 2012 and April 2015 harmed domestic production. In October, Mexico instituted a 15 percent tariff on steel products from counties with […]
The U.S. Department of Commerce released their Preliminary Determination for Countervailing Duty (CVD) on Cold Rolled products as well as Critical Circumstances on Cold Rolled. The headline is China was found to be receiving subsidies at a rate of 227.29 percent. They also found critical circumstances for the following companies: Angang Group Hong Kong Co., […]
The House passed the long-awaited customs bill by a 256-158 margin on Friday. The conference report of the Trade Facilitation and Trade Enforcement Act (H.R.644) includes the ENFORCE act that provides new measures sought after by the steel industry to address evasion of antidumping and countervailing duties. The bill will head to the Senate for […]
Steel Market Update (SMU) is constantly being asked to provide details as to the status of the hot rolled, cold rolled and corrosion resistant (CORE) antidumping and countervailing duty trade suits. Here is the status of each investigation as of today, December 10, 2015: CORE – Corrosion Resistant Steels (Galvanized/Galvalume, etc.) Original Filing Date: June […]
The Canada Border Services Agency has made final determinations that dumping has occurred on hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from India and Russia and subsidizing on hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from India. The investigation on subsidizing from Russia […]
It will soon be more expensive to export Chinese steel line pipe to Canada. Canada Border Services Agency released its preliminary determination on dumping and subsidization of steel line pipe exported from China and assigned provisional duties ranging from 71 percent to 396 percent. CBSA estimates that in 2014, 48.8 percent of carbon and alloy […]
Recently, US Steel CEO Mario Longhi was quoted as saying that a Section 201 investigation may be needed to save the domestic steel industry. We want our readers to learn more about what a Section 201 means so we enlisted the help of trade attorney Lewis Leibowitz who was actively involved in the last Section […]
Brazil is studying a proposal to raise import tariffs on steel goods said Brazilian Finance Minister Joaquim Levy following a hearing of the Economic Affairs Committee of the Senate. The measures would protect the local steel industry which has been vocal in its demand for a rate hike. No details on specific products or rates […]
This article was originally published in Steel Market Update newsletter dated November 15, 2015. We provide our members up to date analysis of the status of antidumping and countervailing duty trade cases affecting the flat rolled and plate steel markets. Trade protection is a driving concern for the U.S. steel industry that has seen prices […]
Steel Market Update (SMU) is constantly being asked to provide details as to the status of the hot rolled, cold rolled and corrosion resistant (CORE) antidumping and countervailing duty trade suits. This article is a follow up to an earlier article originally published on August 18, 2015. The real action is beginning with the US […]
The U.S. Department of Commerce announced Preliminary Determinations on countervailing duties (CVD) for corrosion resistant steels from Italy (affirmative), China (affirmative), India (affirmative) and Korea (affirmative). There was one country, Taiwan, which was found to not be subject to countervailing duties. You will notice that there are a number of steel mills/exporters that were hit […]
On October 23, 2015 attorneys for the domestic steel mills alleged that exports from Brazil, Australia, Japan and the Netherlands surged into the United States in an effort to “…avoid the imposition of antidumping and countervailing duties.” Much like the corrosion resistant case that preceded the hot rolled filing which was originally made in August […]
On Friday, October 30, 2015, the U.S. Department of Commerce announced their Preliminary Determination that critical circumstances existed on corrosion resistant steels from certain mills in the Peoples Republic of China (China), South Korea (Korea), Italy and Taiwan. Critical circumstances were not found for any company from India and only ILVA was identified from Italy. […]
The U.S. Department of Commerce has postponed the Preliminary Determination of the Corrosion Resistant antidumping trade suit (CORE) filed against India, Italy, China, South Korea and Taiwan. Commerce has delayed the announcement by 41 days, to December 21, 2015. The Federal Register published the details about the postponement which was due to the case being […]
Today, the Department of Commerce announced its final determinations in the antidumping and countervailing duty investigations on imports of welded pipe from Korea and Turkey. The DOC determined that imports of welded line pipe from Korea and Turkey have been sold in the United States at dumping margins ranging from 2.53 percent to 6.19 percent […]
The 12 countries of the Trans-Pacific Partnership have finally reached accord on an agreement after more than five years of intensive negotiations, effectively creating the world’s largest free trade zone. US Trade Representative Michael Froman said in an announcement that the agreement will “support jobs, drive sustainable growth, foster inclusive development and promote innovation across […]
U.S. Congressman Pete Visclosky (D) addressed the International Trade Commission (ITC) hearing on cut-to-length carbon steel plate today, calling for the ITC to maintain the existing antidumping orders on cut-to-length steel plate from China, and the suspension agreements from Russia and Ukraine. “As a representative and resident of Northwest Indiana, one of our nation’s foremost […]
Last week we reported on a change in the cold rolled antidumping/countervailing duty scope language that has created some concern within the manufacturing community. The concern is related to changes which resulted in this being added to the scope language: “Subject merchandise includes cold-rolled steel that has been further processed in a third country, including […]
The legalese can be brain numbing when reviewing the documents involved with the various steel trade suits. However, large manufacturing companies have their attorneys go through the petitions and review the specific language in order to recognize when changes are made in order to protect themselves from surprises. If your company has not done so […]
An investigation into dumping and subsidizing of hot rolled steel plate imports from India and Russia was been initiated by the Canadian International Trade Tribunal on Sept. 9. The investigation follows a preliminary determination of dumping and subsidization from the Director General of the Trade and Anti-dumping Programs Directorate at the Canada Border Services Agency […]