Final Thoughts
June 24, 2016
Final Thoughts
Written by John Packard
We were a little surprised on Friday when the International Trade Commission (ITC) announced they had reached a unanimous decision on the CORE (corrosion resistant) trade case. This one is important because the first ITC ruling on cold rolled from Japan and China was a slam dunk. Neither country chose to defend themselves and basically gave in to the US Department of Commerce/ITC.
With the CORE case there were challenges by most of the named countries, yet all of the commissioners were able to use the new injury guidelines and find that the U.S. steel industry was indeed being injured by the foreign steel mills. We should expect similar results on the remaining cold rolled and hot rolled suits in the coming weeks.
