Heavy Anti-Dumping Duties Hit Chinese Anti-Corrosive Steel Imports

December 23, 2015

The Department of Commerce  found that imports of corrosion-resistant steel products from China, India, Italy, and Korea, had been illegally dumped in the US, in violation of international law, and also announced a negative preliminary determination in the anti-dumping investigation of imports of corrosion-resistant steel products from Taiwan.

In the China investigation, the mandatory respondent, Yieh Phui (China) Technomaterial Co., Ltd., as well as the two parties which qualified for separate rates, all received a preliminary dumping margin of 255.80%.

Corrosion-resistant steel is the latest to receive anti-dumping protection. Source: AdobeStock/icarmen3.

All other producers/exporters in China received the China-wide rate of 255.80%. This

In the India investigation, mandatory respondents JSW Steel Ltd., and Uttam Galva Steels Limited received preliminary dumping margins of 6.64% and 6.92%, respectively. All other producers/exporters in India received a preliminary dumping margin of 6.76%.

In the Italy investigation, mandatory respondents Acciaieria Arvedi S.p.A. andMarcegaglia S.p.A. received preliminary dumping margins of 3.11% and 0% (found not to have been dumped), respectively. All other producers/exporters in Italy received a preliminary dumping margin of 3.11%.

In the Korea investigation, mandatory respondents Dongkuk Steel Mill Co., Ltd./Union Steel Manufacturing Co., Ltd. and Hyundai Steel Company received preliminary dumping margins of 2.99% and 3.51%, respectively. All other producers/exporters in Korea received a preliminary dumping margin of 3.25%.

In the Taiwan investigation, mandatory respondents Yieh Phui Enterprise Co., Ltd.and Prosperity Tieh Enterprise Co., Ltd.  escaped import duties when theyreceived preliminary dumping margins of 0%. Commerce did not calculate a preliminary dumping margin for all other producers/exporters in Taiwan because it has not made an affirmative preliminary determination.

As a result of the preliminary affirmative determinations, Commerce will instruct U.S. Customs and Border Protection (CBP) to require cash deposits based on these preliminary rates.

Many of these producers are already paying countervailing duties on their imports of hot-dipped galvanized and other anti-corrosive steel products.

Source:MetalMiner