“Antidumping and countervailing duty (AD/CVD) measures are unable to fix the low-price problem afflicting U.S. steel producers because they amount to no more than a band-aid that can’t heal the wound.” That is the opinion of Daniel R. Pearson, a senior fellow at the Cato Institute’s Herbert A. Steife Center for Trade Policy Studies. With […]
India has initiated an antidumping investigation into HRC, steel sheet and plate imports from China, Japan, Korea, Russia, Brazil and Indonesia. The products under investigation include HRC of width up to 2100mm and thickness up to 25mm, HR sheet and plates of a width up to 4950 mm and thickness up to 150mm. India steelmakers […]
A week ago Steel Market Update reported that three domestic steel mills would file an antidumping suit against a number of foreign countries who have been exporting cut-to-length (CTL) plate to the United States. On Friday the three mills identified in our earlier reporting filed their petition. A trade petition against 12 countries was filed […]
According to ArcelorMittal USA comments made during the Association of Steel Distributors meeting over the weekend which SMU attended, a trade case on steel plate imports will be filed within the next few weeks. ArcelorMittal along with Nucor and SSAB have been working on the documentation for an extended period of time and our understanding […]
The Canadian International Trade Tribunal (CITT) issued a final determination today (March 29) that finds Canadian producers have been injured due to the dumped and subsidized imports of certain carbon and alloy steel line pipe from China. The investigation was initiated by the CBSA on August 28, 2015 following complaints filed by EVRAZ North America […]
With the announcement of the Preliminary Determination regarding dumping (AD) of hot rolled steel into the United States by Australia, Korea, Japan, Brazil, the Netherlands, United Kingdom and Turkey, the next step in the process is for the US Department of Commerce to travel overseas and verify the information received from the countries involved. Looking […]
There is much more to each of the trade cases than the preliminary and final announcements might have you believe. There are inconsistencies in the rulings where attorneys and clients alike scratch their heads to figure out how the U.S. Department of Commerce came up with their preliminary determination deposit rates. The second item not […]
U.S. manufacturers are taking a firm stance against market economy status for China. AISI announced formation of a coalition, Manufacturers for Trade Enforcement, to oppose China’s request for market economy designation at the end of 2016. The coalition says China does not meet the established criteria for a market economy. “Our industries can compete against […]
The US Department of announced this evening that evidence of dumping (antidumping or AD) existed on imports of hot rolled steel from Australia, Brazil, Japan, Korea, the Netherlands, Turkey and the United Kingdom. Dumping duties ranged from a low of 3.97 percent out of Hyundai Steel Company in Korea to a high of 49.05 percent […]
The U.S. Department of Commerce (US DOC) is scheduled to release their Preliminary Determination of Antidumping (AD) against Australia, Brazil, Japan, Korea, the Netherlands, Turkey and the United Kingdom. This is the third and final Preliminary Determination to be announced on flat rolled steel products. Previously we saw rulings on corrosion resistant (galvanized/Galvalume) and cold […]
The following is a reprint of an article by Dr. Mark J. Perry in response to the Wall Street Journal article about the duties imposed on imports of cold-rolled steel from China that SMU publisher John Packard was quoted in. Dr. Perry is a Scholar at The American Enterprise Institute and Professor of Finance and […]
Reaction to the US Department of Commerce (DOC) preliminary duties on cold-rolled steel has been mixed, depending on what side of the antidumping determination the commentators are on. In the UK, the steel sector is readying itself for further onslaught of Chinese exports while its own steel exports to the U.S. are assigned dumping margins […]
This evening the U.S. Department of Commerce released their Preliminary Determinations on cold rolled from Brazil, China, India, Japan, Korea, Russia and the United Kingdom. Each country was found to be exporting cold rolled into the United States at less than fair value. However, the degree of the penalties ranged from a low of 2.17 […]
President Barack Obama signed into law Wednesday the Trade Facilitation and Trade Enforcement Act of 2015. The customs bill which includes the ENFORCE Act has been strongly supported by the U.S. steel industry. Minnesota Gov. Mark Dayton spoke with the President at the National Governor’s Association in Washington, DC on Monday on the need for […]
The Department of Commerce is initiating a circumvention inquiry on imports of cut-to-length steel plate from China following a petition from Nucor and SSAB. The two steel mills assert that producers, exporters and importers are circumventing duties imposed on CTL by adding alloys, such as boron, titanium and chromium to the product. The Department of […]
The Department of Commerce has announced affirmative preliminary determinations in the antidumping investigations of imports of heavy walled rectangular welded carbon steel pipes and tubes from Korea, Mexico, and Turkey. The investigations cover heavy walled rectangular welded carbon steel pipes and tubes, which are rectangular (including square) welded carbon steel pipes and tubes that have […]
Last week, the Senate passed the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA). The bill contains important provisions of the Enforcing Orders and Reducing Customs Evasion (ENFORCE) Act that have been promoted by the U.S. steel and manufacturing industries to combat evasion of antidumping and countervailing duties . Evasion is defined as failing […]
The Trade Facilitation and Trade Enforcement Act of 2015 passed by a margin of 75-20 in the Senate this morning. The customs bill has been advocated by the steel industry to strengthen measures to combat unfairly traded and subsidized imports. The bill now moves to the President for anticipated approval and signature. The American Iron […]
After five years of negotiations, the twelve nations of the Trans Pacific Partnership signed the trade agreement in a ceremony in New Zealand on February 4. The signing was celebrated by the trade ministers but the agreement must still be officially approved by the individual nations. The countries have two years to ratify TPP through […]
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 […]