Corrosion Resistant

Commerce Finds Dumping of Imports of Corrosion-Resistant Steel Products from China, India, Italy, Kore a, and Taiwan, Countervailable Subsidization of Imports of Corrosion-Resistant Steel Products from China, India, Italy, Korea, and No Countervailable Subsidization of Imports of Corrosion-Resistant Steel Products from Taiwan.

• On May 25, 2016, the Department of Commerce (Commerce) announced its affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of corrosion-resistant steel products (CORE) from China, India, Italy, Korea; its affirmative final determination in the AD investigation of imports of CORE from Taiwan; and its negative final determination in the CVD investigation of imports of CORE from Taiwan.
• The AD and CVD laws provides U.S. businesses and workers with a transparent, quasi-judicia l, and internationally accepted mechanism to seek relief from the market-distorting effects caused by injurious dumping and unfair subsidization of imports into the United States, establishing an opportunity to compete on a level playing field.
• For the purpose of AD investigations, dumping occurs when a foreign company sells a product in the United States at less than its fair value. For the purpose of CVD investigations, a countervailable subsidy is financial assistance from a foreign government that benefits the production of goods from foreign companies and is limited to specific enterprises or industries, or is contingent either upon export performance or upon the use of domestic goods over imported goods.