China, India, Italy and Korea Hit with CVD on Corrosion-Resistant Steels

The U.S. Department of Commerce announced Preliminary Determinations on countervailing duties (CVD) for corrosion resistant steels from Italy (affirmative), China (affirmative), India (affirmative) and Korea (affirmative). There was one country, Taiwan, which was found to not be subject to countervailing duties.

You will notice that there are a number of steel mills/exporters that were hit especially hard. Those mills were selected as “mandatory respondents” and they failed to participate in the investigation. Duferco, to the best of my knowledge, does not own any assets in China. A portion of Duferco Trading Company in the United States is owned by one of the Chinese steel mills. I do not completely understand the duties assigned to Dufereco and their “cross-owned companies”). I will see what I can do to get a better understanding of their situation.