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May 14, 2014

Commerce Finds Seven Guilty of GOES Dumping

The U.S. Department of Commerce announced a preliminary determination that imports of grain-oriented electrical steel from China, the Czech Republic, Germany, Japan, Poland, Russia and South Korea are being sold at less than fair value in the United States. As a result, Commerce will instruct U.S. Customs and Border Protection to begin requiring U.S. importers of GOES from these seven countries to deposit estimated antidumping duties at the time of importation. The duties range from 5.3 percent from South Korea up to 214.9 percent on some products from Germany.

"We are very pleased with the Commerce Department’s affirmative preliminary determination that producers of grain-oriented electrical steel are selling their merchandise in the United States at significant dumping margins. The U.S. industry has suffered lost sales and reduced profitability due to unfairly traded imports from these countries, and relief is needed to counteract the significant injury that is being caused," says David A. Hartquist, counsel to the domestic industry.

In September 2013, domestic GOES producers AK Steel and Allegheny Ludlum, plus the United Steelworkers, filed the antidumping and countervailing duty petitions against the seven countries.

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Saturday, December 20, 2014