ANNOUNCEMENT 03 Jun 2015In June 2015, the government of the United States initiated a new anti-subsidy and a new anti-dumping investigation.
NUMBER OF INTERVENTIONS
On June 3, 2015 a coalition of firms (i.e., United States Steel Corporation, Nucor Corporation, Steel Dynamics Inc., California Steel Industries, ArcelorMittal USA LLC, and AK Steel Corporation) filed a petition seeking the imposition of anti-dumping and countervailing duties on imports of certain corrosion-resistant steel products imported from China, India, Italy, Korea, and Taiwan. The five countries covered by the anti-dumping petitions and the dumping margins alleged by the domestic industry are as follows: China: 120.20 percent India: 71.09 percent Italy: 123.76 percent Korea: 80.06 percent Taiwan: 84.40 percen. The petitions also allege that the foreign producers benefit from numerous countervailable subsidies. The petitions allege 48 different subsidy programs in China, 88 subsidy programs in India, 12 subsidy programs in Italy, 43 subsidy programs in Korea and 22 subsidy programs in Taiwan.
The U.S. International Trade Commission reached its final injury determination June 24, 2016. As a result of the affirmative determinations, the Department of Commerce will issue a countervailing duty order on imports of these products from China, India, Italy, and Korea and anti-dumping duty orders on imports of these products from China, India, Italy, Korea, and Taiwan.