ITC Determines Probable Injury in Cold Rolled Steel Case

As expected, the U.S. International Trade Commission (ITC) has made a preliminary determination that cold-rolled steel produced in seven foreign countries (Brazil, China, India, Japan, Russia, South Korea and UK) is causing or threatening to cause injury to the domestic steel industry. The Netherlands, which was also named in the antidumping suit, was dropped from the investigation by the ITC because the quantity of imports from the Netherlands was negligible (less than 3 percent of the total imports of cold-rolled steel in the period of investigation).

“We applaud the ITC’s preliminary ruling against dumped and subsidized imports of cold-rolled steel,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “We expect all of our global steel competitors to play by the rules of fair trade, and this ruling is an important step in the fight to stop the injury to the domestic steel industry caused by unfairly-traded imports of cold-rolled steel.”