April 13, 2016

Producers File Plate Trade Case

Three major domestic steel producers have filed a petition charging that imports of certain carbon and alloy steel cut-to-length plate products from a dozen countries are being traded unfairly. The producers claim products from Austria, Belgium, Brazil, China, France, Germany, Italy, Japan, South Korea, South Africa, Taiwan and Turkey are causing material injury to the domestic industry.

The domestic producers, ArcelorMittal USA, Nucor Corp. and SSAB Enterprises, seek dumping margins ranging from 6.5 percent for some Taiwanese products to 244.2 percent for some South Korean CTL plate products.

Since 2013, the volume of CTL plate imports has surged nearly 100 percent, from 572,000 tons to 1.2 million tons. Imports targeted by the filing accounted for 75 percent of the total.

The petitions also allege that the governments of Brazil, China, and South Korea are providing countervailable subsidies to producers of CTL plate. The petitions identify 26 different subsidy programs in Brazil, 44 subsidy programs in China and 46 subsidy programs in South Korea.

The petitions were filed concurrently with the U.S. Department of Commerce and the U.S. International Trade Commission on April 8. The Commerce Department will determine whether to initiate the antidumping and countervailing duty investigations within 20 days of the filing, and the ITC will reach a preliminary determination of material injury or threat of material injury within 45 days. The entire investigative process will take approximately one year, with final determinations of dumping, subsidization and injury likely in the spring of 2017.
 

November 2017: 'Steady but Sloppy' Fittingly Sums 2017
More...
 
Pause
November 2017: Scrap First Steel Impact from Storms
More...
Fall 2017: Cutting & Sawing Equipment
More...
Summer 2017
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Saturday, December 16, 2017