Feb. 20, 2013
Antidumping Orders on CORE Products Expire
The U.S. International Trade Commission voted unanimously to allow antidumping and countervailing duties to expire on corrosion-resistant carbon steel flat products, commonly known as CORE, from South Korea and Germany. The galvanized steel sheet product is used as a construction material and for automobile and appliance manufacturing.
The decision was based on evidence that revoking the antidumping and countervailing duties was unlikely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. The antidumping and countervailing duty orders that were revoked have been in place since 1993. The orders against CORE from Korea and Germany were the only orders remaining from the steel investigations of 1992, in which antidumping and countervailing petitions were filed against CTL plate from 15 countries, hot-rolled steel from nine countries, cold-rolled steel from 15 countries, and corrosion-resistant steel from nine countries.
"Antidumping relief is not intended to be permanent," says Don Cameron of The International Trade Group of Morris, Manning & Martin LLP, which represented the primary producers of corrosion resistant steel in Korea, including POSCO, Hyundai Hysco Co., Dongbu Steel Co. and Union Steel Co. "These orders have been in place for 20 years. The ITC made the right decision."
The revocation of the antidumping and countervailing duty order concluded the mandatory five-year administrative review of the issue.