July 22, 2015
ITC Supports Domestic Producers in CORE Case
The U.S. International Trade Commission has made a unanimous preliminary determination that corrosion-resistant steel produced in five foreign countries is causing injury to the domestic industry. The determination means the case against imports from China, India, Italy, South Korea and Taiwan will continue.
“We applaud the ITC’s preliminary ruling that unfairly traded imports of corrosion-resistant steel have caused injury to AK Steel and other domestic steel producers,” says James L. Wainscott, chairman, president and CEO of AK Steel. “This decision is an important step forward in the process to fight dumped and subsidized CORE imports that have significantly impacted pricing in the U.S. market.”
The petition was filed in June by AK Steel, ArcelorMittal, Nucor, Steel Dynamics and U.S. Steel, charging unfairly traded imports of CORE products from the five countries were causing material injury to the domestic industry. Antidumping and countervailing duty cases were filed against all five countries.
The cases now move to the Commerce Department for further rulings on the need for and size of antidumping and countervailing duties. Preliminary determinations are expected on Aug. 27 and Nov. 10.