U.S. Commerce Department Affirms Dumping Margins in Plate Case
03/30/2017 - The U.S. Department of Commerce has issued its final determination in case involving cut-to-length place, affirming that producers from eight countries have dumped products and undercut domestic prices.
“After a thorough investigation, the Department of Commerce has found that exporters of steel plate have received government subsidies and sold at unfairly low prices in the United States,” Commerce Secretary Wilbur Ross said in a statement.
“A healthy steel industry is critical to our economy and manufacturing base, yet our steel industry today is under assault from foreign producers that dump and subsidize their exports,” he said. “The Trump administration is unequivocally committed to the vigorous enforcement of America’s trade laws, including the finding of critical circumstances and the retroactive collection of duties when appropriate.”
The department set dumping margins of between 3.6% and 148% percent. The ruling pertains to cut-to-length plate from Austria, Belgium, France, Germany, Italy, Japan, South Korea and Taiwan. The case will now go on to the U.S. International Trade Commission for its review.
The case arose on a complaint from ArcelorMittal USA, Nucor Corp. and SSAB Enterprises.
“A healthy steel industry is critical to our economy and manufacturing base, yet our steel industry today is under assault from foreign producers that dump and subsidize their exports,” he said. “The Trump administration is unequivocally committed to the vigorous enforcement of America’s trade laws, including the finding of critical circumstances and the retroactive collection of duties when appropriate.”
The department set dumping margins of between 3.6% and 148% percent. The ruling pertains to cut-to-length plate from Austria, Belgium, France, Germany, Italy, Japan, South Korea and Taiwan. The case will now go on to the U.S. International Trade Commission for its review.
The case arose on a complaint from ArcelorMittal USA, Nucor Corp. and SSAB Enterprises.
