Jan. 6, 2016
Commerce Imposes Heavy Duty on Chinese CORE Products
Imports of corrosion-resistant steel products from China will be subject to heavy duties following an antidumping investigation by the U.S. Department of Commerce. Products from India, Italy and Korea face lesser penalties.
According to the Commerce Department’s preliminary determination, a rate of 225.80 percent will be applied to Chinese CORE imports. Products from the other three countries face duties up to 6.92 percent. No antidumping margin was applied to product from Taiwan. U.S. Customs and Border Protection will require cash deposits based on the duty rates.
“The egregious high volume of illegal, corrosion-resistant steel dumped in the U.S. market from China was found to be so substantial that all producers in China will have a maximum duty rate that should take them out of our market,” said United Steelworkers International President Leo W. Gerard.
Other trade cases in the U.S. government pipeline are due for investigative outcomes soon. A finding on hot-rolled steel is expected this month, followed by a cold-rolled ruling in February.