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.
Source : metal.com