Sept. 16, 2015

ITC Gives Go-ahead to Cold-Rolled Case

The U.S. International Trade Commission has made a preliminary determination that cold-rolled steel produced in seven countries is causing or threatening to cause injury to the domestic steel industry. The preliminary determination means the cases against cold-rolled steel producers from Brazil, China, India, Japan, Russia, South Korea and the United Kingdom may proceed. The ITC also determined that imports of cold-rolled steel from the Netherlands were “negligible” in volume and not a threat.

"We applaud the ITC's preliminary ruling against dumped and subsidized imports of cold-rolled steel," says James L. Wainscott, chairman, president and CEO of AK Steel. "This ruling is an important step in the fight to stop the injury to the domestic steel industry caused by unfairly traded imports of cold-rolled steel."

In addition to AK Steel, other producers filing the petition included Arcelor Mittal USA, Nucor Corp., Steel Dynamics, Inc., and United States Steel Corp.

The cases now move to the Commerce Department, which will determine if foreign producers are violating U.S. antidumping law by selling their products at less than fair value and violating U.S. countervailing duty law by selling merchandise that benefits from unfair government subsidies.


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Monday, December 18, 2017