Feb. 17, 2016

Stainless Producers File Trade Case

Four U.S. producers of stainless steel sheet and strip have filed antidumping and countervailing duty petitions charging unfairly traded imports from China. AK Steel Corp., ATI Flat Rolled Products, North American Stainless and Outokumpu Stainless USA, the four primary domestic producers, filed the suit.

The antidumping margins alleged by the domestic industry range from 53.69 percent to 83.24 percent. The countervailing duty petition alleges the Chinese government has provided significant subsidies to its nation’s producers.

“Surging imports of unfairly low-priced stainless steel sheet and strip from China have devastated pricing in the U.S. market and caused severe injury to the domestic industry,” says Kathleen W. Cannon of Kelley Drye & Warren LLP, the petitioners’ trade counsel. “The domestic industry looks forward to the opportunity to present its case to the Commerce Department and U.S. International Trade Commission to obtain relief from unfairly traded imports from China and to restore fair competition in the U.S. market.”

The volume of imports of stainless steel sheet and strip from China has increased by 133 percent since 2013. Chinese products accounted for 81.2 percent of the total increase in U.S. stainless steel sheet and strip imports during the past three years. The petitions claim Chinese producers have massive capacity to produce stainless steel sheet and strip and have been exporting large and increasing volumes of unfairly low-priced and subsidized merchandise to the U.S.


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Friday, December 15, 2017