Trade Cases
December 22, 2015
US DOC Releases Ruling on Antidumping on Corrosion Resistant Steels
Written by John Packard
Late this afternoon the US Department of Commerce released their Preliminary Determination regarding antidumping of corrosion resistant steels from China, India, Taiwan, Korea and Italy. China was smacked the hardest and received margins of 255.80 percent while India (6.64-6.92%), Korea (2.99-3.51%) and Italy (0.0-3.11%) were slapped on the wrists. Taiwan received no antidumping margin what-so-ever.
From our perspective the Chinese should be eliminated from the market with Antidumping rates of 255.80 percent and countervailing duties of 26.26 percent (YP China) and all others at 235.66 percent. Chinese mills were also found to be liable for critical circumstances at the same time the CVD Preliminary Determination ruling was made back on November 3, 2015.
