US Affirms 265% Anti-Dumping Duties on Chinese Cold-Rolled Steel-Shanghai Metals Market

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US Affirms 265% Anti-Dumping Duties on Chinese Cold-Rolled Steel

Industry News 10:06:12AM May 18, 2016 Source:SMM

by Jeff Yoders on MAY 17, 2016

Today, the Department of Commerceaffirmed anti-dumping duties on imports of cold-rolled steel flat products from China and Japan, and countervailing duties — levied due to foreign government subsidies — on imports of cold-rolled steel from China.

Commerce determined that imports of cold-rolled steel from China and Japan have been sold in the U.S. at dumping margins of 265.79% and 71.35%, respectively. Commerce also determined that imports of cold-rolled steel from China received countervailable subsidies of 256.44%.

These anti-dumping determinations were exactly the same as Commerce’s preliminary findings released in March.

As a result of the affirmative final determinations, Commerce will instruct U.S. Customs and Border Protection to continue to require cash deposits based on the final rates, which were the same as the preliminary rates for the anti-dumping duties. The countervailing duties rates will be added to Chinese cold-rolled imports.

Cold-Rolled Steel Petitioners

The petitioners for these investigations are AK Steel Corporation, ArcelorMittal USA LLC, Nucor Corporation, Steel Dynamics, Inc., and United States Steel Corporation.


US Affirms 265% Anti-Dumping Duties on Chinese Cold-Rolled Steel

Industry News 10:06:12AM May 18, 2016 Source:SMM

by Jeff Yoders on MAY 17, 2016

Today, the Department of Commerceaffirmed anti-dumping duties on imports of cold-rolled steel flat products from China and Japan, and countervailing duties — levied due to foreign government subsidies — on imports of cold-rolled steel from China.

Commerce determined that imports of cold-rolled steel from China and Japan have been sold in the U.S. at dumping margins of 265.79% and 71.35%, respectively. Commerce also determined that imports of cold-rolled steel from China received countervailable subsidies of 256.44%.

These anti-dumping determinations were exactly the same as Commerce’s preliminary findings released in March.

As a result of the affirmative final determinations, Commerce will instruct U.S. Customs and Border Protection to continue to require cash deposits based on the final rates, which were the same as the preliminary rates for the anti-dumping duties. The countervailing duties rates will be added to Chinese cold-rolled imports.

Cold-Rolled Steel Petitioners

The petitioners for these investigations are AK Steel Corporation, ArcelorMittal USA LLC, Nucor Corporation, Steel Dynamics, Inc., and United States Steel Corporation.