Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

US DoC sides with US Cold-Rolled Corrosion Resistant producers in Circumvention Case

Steel News - Published on Mon, 21 May 2018

Image Source: SteelGuru
Overseas producers were circumventing US anti dumping measures by converting Chinese-made, hot-rolled coils to corrosion-resistant and cold-rolled steel in Vietnam, the US Commerce Department ruled on May 17. As a result, corrosion-resistant and cold-rolled sheet made from Chinese substrate, but produced in Vietnam, will be subject to the same anti-dumping and countervailing duties applied to the finished products from China.

The US assesses an anti-dumping duties of 199.43% on Chinese corrosion-resistant sheet and 265.79% on cold-rolled sheet.

United States Steel Corporation, which was one of the companies that filed the initial circumvention complaint, praised the decision. The company said that “We applaud (Commerce Secretary Wilbur Ross’) final circumvention decision, which represents the administration’s full commitment to using all tools available to combat unfair trade and restore a level playing field for the domestic steel industry.”

In addition to US Steel, Nucor Corp., ArcelorMittal USA, California Steel Industries, Steel Dynamics Inc. and AK Steel Corp also had filed circumvention complaints with the Commerce Department.

Separately, the US International Trade Commission has issued a final determination in a case involving cold-drawn mechanical tubing from China, Germany, India, Italy, Korea, and Switzerland, ruling that domestic producers have suffered a material injury from dumped product. The decision clears the way for the Commerce Department to impose anti-dumping duties of between 8.3% and 186.9%.

Source :

Posted By : Rabi Wangkhem on Mon, 21 May 2018
Related News from Steel segment