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The Commerce Department today announced its final positive decision that steel producers from Austria, Belgium, France, Germany, Italy, Japan, Republic of Korea (South Korea) and Taiwan dump imports of carbon and alloy steel plate into the United States
Compare the current price of your steel sheets by grade, shape and alloy: see how it compares
The margins in the dumping investigations ranged from 3.62% to 148.02% and were, in some cases, based on adverse findings against non-cooperating respondent parties. The Commerce Department also determined that there were critical circumstances in three investigations, allowing collection of duties for a retroactive period of 90 days prior to the preliminary determination, dating back to August 16. at a countervailing duty rate of 4.31%. Following these final affirmative determinations, Commerce will instruct Customs and border protection to collect cash deposits based on these final rates.
“A healthy steel industry is essential to our economy and our manufacturing base, but our steel industry is now under attack by foreign producers who gut and subsidize their exports.” Secretary of Commerce Wilbur Ross said in a press release about the new anti-dumping and countervailing duties. “After a thorough investigation, the Commerce Department found that steel plate exporters received government subsidies and sold unfairly low prices in the United States. The Trump administration is unequivocally committed to vigorously enforcing U.S. trade laws, including the discovery of critical circumstances and the retroactive collection of duties, where appropriate. We will ensure that American businesses and workers are treated fairly. “
The International Trade Commission must make its final injury determinations on or about May 15.
Austrian producers hit by nearly 54% tariffs
In the investigation in Austria, the Department found that dumping was practiced by the only mandatory defendant Bohler Edelstahl GmbH & Co KG, Bohler Bleche GmbH & Co KG, Bohler International GmbH, Voestalpine Grobblech GmbH, and Voestalpine Steel Service Center GmbH (collectively, Voestalpine) at a dumping margin of 53.72%. The Department of Commerce calculated a dumping margin of 53.72% for all other producers / exporters in Austria.
Obligations of Belgian plate producers
In the Belgian investigation, the Commerce Department found that dumping was practiced by the mandatory defendant Industeel Belgium SA to a final dumping margin of 5.40%. In addition, the trade
established a dumping margin of 51.78%, on the basis of available adverse data, for the
respondent NLMK Clabecq SA, NLMK Plate Sales SA, NLMK Sales Europe SA, NLMK
Manage Steel Center SA, and NLMK La Louviere SA (collectively, NLMK Belgium). The Department of Commerce calculated a dumping margin of 5.40% for all other producers / exporters in Belgium.
Nearly 150% rights for the French Dillinger SA
In the investigation conducted in France, the Department found that dumping had been practiced by the obligatory defendant
Dillinger France SAto a final dumping margin of 8.62%. In addition, Commerce established a dumping margin of 148.02%, based on available adverse facts, for the obligated respondent. Industeel France SA The Commerce Department calculated a dumping margin of 8.62% for all other producers / exporters in France.
Germany Survey
In the investigation in Germany, the Department found that dumping was practiced by the mandatory defendant AG der Dillinger Hüttenwerke to a final margin of dumping of 5.38%, and the dumping occurred by the respondent Ilsenburger Grobblech GmbH, Salzgitter Mannesmann Grobblech GmbH, Salzgitter Flachstahl GmbH, and Salzgitter Mannesmann International GmbH (collectively, Salzgitter) a final margin of dumping of 22.90%.
The Commerce Department calculated a dumping margin of 21.03% for all other producers / exporters in Germany.
Italy Survey
In the investigation in Italy, the Department found that dumping was practiced by the mandatory defendant
Officine Tecnosiders.rl to a final dumping margin of 6.08%. In addition, trade established a dumping margin of 22.19%, based on available adverse facts, for mandatory respondents Marcegaglia SpA and NLMK Verona SpA. The Department of Commerce calculated a dumping margin of 6.08% for all other producers / exporters in Italy.
Investigation in Japan
In the investigation in Japan, the Department found that dumping was practiced by the obligatory respondent Tokyo Steel Manufacturing Co., Ltd., at a dumping margin of 14.79%. In addition, trade established a dumping margin of 48.67%, based on available adverse facts, for mandatory respondents JFE Steel Company and Shimabun Company. The trade calculated a
14.79% dumping margin for all other producers / exporters in Japan.
Investigation in the Republic of Korea
In the anti-dumping investigation in Korea, trade found that the dumping had occurred through
respondent POSCO (formerly Pohang Iron & Steel Corp.) with a dumping margin of 7.39%. The Commerce Department calculated a dumping margin of 7.39% for all other producers / exporters in South Korea.
In accordance with the scope of the investigation, the application of the POSCO margin to all
other producers / exporters only applies to subject CTL plate that does not meet the description of cut-to-length carbon steel plate in South Korea’s 1999 Anti-Dumping Order.
Two-month trial: prospects for buying metals
In South Korea’s countervailing duty investigation, trade calculated a subsidy rate
4.31% for POSCO and a subsidy rate of 4.31% for all other producers / exporters in the Republic of Korea.
The application of the countervailing duty margin is also subject to the CTL plate which does not fall under the order of 1999 of the same.
Taiwan survey
In the Taiwan investigation, trade found that dumping was practiced by mandatory respondents
Shang Chen Steel Co., Ltd. and China Steel Corp. at dumping margins of 3.62% and
6.95%, respectively. The Commerce Department calculated a dumping margin of 5.29% for all other
producers / exporters in Taiwan.
Two-month trial: prospects for buying metals
Critical circumstances have been alleged with regard to imports of CTL plates from Austria, Belgium,
Italy, Republic of Korea and Taiwan.
The petitioners are ArcelorMittal USA LLC in Illinois, Nucor Company in North Carolina and SSAB companies in the Ill.
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