The
US Department of Commerce (DOC) announced Wednesday the initiation of antidumping duty (AD) and countervailing duty (CVD) investigations of imports of corrosion-resistant steel products from China, India, Italy, Korea, and Taiwan.
The petitioners for these investigations are United States Steel Corporation (PA), Nucor Corporation (NC), ArcelorMittal USA (IL), AK Steel Corporation (OH), Steel Dynamics, Inc. (IN), and California Steel Industries, Inc. (CA).
The products covered by these investigations are certain flat-rolled steel products, either clad, plated, or
coated with corrosion-resistant metals such as zinc, aluminum, or zinc-, aluminum-, nickel- or iron-based alloys, whether or not corrugated or painted, varnished, laminated, or
coated with plastics or other non-metallic substances in addition to the metallic coating. The scope also includes Advanced High Strength Steels (AHSS) and Ultra High Strength Steels (UHSS).
According to the DOC, imports of corrosion-resistant steel products from China, India, Italy, Korea, and Taiwan in 2014 were valued at an estimated $685 million, $379.5 million, $99.1 million, $416.7 million, and $577.5 million, respectively, for a total of $2.2 billion.
The
US International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before July 20, 2015, and if the ITC rules in favor of the
US steel-producing petitioners, the DOC will make its preliminary CVD determinations in August 2015 and its preliminary AD determinations in November 2015, unless the statutory deadlines are extended. If the ITC’s preliminary determinations are negative, the investigations will be terminated.