Trade Cases
January 12, 2016
Brazil Hit with CVD and Critical Circumstances on Hot Rolled
Written by John Packard
The U.S. Department of Commerce issued their Preliminary Determination on countervailing duties (CVD) of hot rolled coil from Brazil, Turkey and South Korea. Affirmative results were found against Brazil with CSN and Usiminas both receiving subsidy rates of 7.42 percent. All other Brazilian mills not named also received 7.42 percent subsidy rates. Turkey and South Korea received negative preliminary determinations meaning either no subsidies were found or they were at de minimis rates of less than 1 percent.
Brazil was also found to have surged exports to the United States and critical circumstances were found. This means that cash deposits will be due 90 days prior to the publishing of today’s results in the Federal Register. No critical circumstances were found for Turkey or Korea.
