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Further Investigation into Stainless Imports from China Warranted, U.S. Trade Commission Rules
03/28/2016 - The U.S. International Trade Commission has issued a preliminary ruling in a trade case involving stainless steel sheet and strip from China, saying that it appears overseas producers are undercutting prices and have harmed the U.S. industry.
All six commissioners voted in the affirmative, allowing the case to proceed.
The case arises from a complaint from four U.S. producers -- AK Steel Corp., Allegheny Technologies Inc., North American
Stainless and Outokumpu Stainless USA. In February, the four charged that not only were their Chinese counterparts undercutting prices, but were unfairly benefiting from significant government subsidies.
The producers contend that stainless sheet and strip imports increased 133 percent between 2013 and 2015. Furthermore, China accounted for almost half of all imports of the products in 2015, they say.
“This affirmative decision is an important first step in remedying the devastating injury that the flood of unfairly traded imports of stainless steel sheet and strip from China have had on the domestic industry," said trade attorney Kathleen Cannon, who is representing the U.S producers in the case.
Preliminary countervailing duty determinations are due in May, and preliminary anti-dumping duty determinations are due in July.
The case arises from a complaint from four U.S. producers -- AK Steel Corp., Allegheny Technologies Inc., North American
Stainless and Outokumpu Stainless USA. In February, the four charged that not only were their Chinese counterparts undercutting prices, but were unfairly benefiting from significant government subsidies.
The producers contend that stainless sheet and strip imports increased 133 percent between 2013 and 2015. Furthermore, China accounted for almost half of all imports of the products in 2015, they say.
“This affirmative decision is an important first step in remedying the devastating injury that the flood of unfairly traded imports of stainless steel sheet and strip from China have had on the domestic industry," said trade attorney Kathleen Cannon, who is representing the U.S producers in the case.
Preliminary countervailing duty determinations are due in May, and preliminary anti-dumping duty determinations are due in July.
