Trade Cases

July 21, 2016
Taiwan Takes Surprise Hit on Coated Steel Dumping Duties
Written by John Packard
Steel buyers purchasing foreign galvanized or Galvalume steels out of Taiwan will be paying higher prices due to a surprise change in the AD duty rate by the US Department of Commerce. Citing “ministerial errors” The US Department of Commerce International Trade Commission has adjusted the corrosion resistant (galvanized/Galvalume) duties for Taiwan from 3.77 percent to 10.34 percent.
According to one trading company SMU spoke with during the course of the day today, the new duties average about $75 per ton ($3.75/cwt) and the expectation buyers can have is for higher prices out of Taiwan.


