You are here: Home > Steel News > Latest Steel News > DOC...

DOC sets preliminary margins for CRC imports ranging from 2.17-265.79 percent

Wednesday, 02 March 2016 19:44:48 (GMT+3)   |   San Diego
       
 
The US Department of Commerce (DOC) announced its affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of certain cold rolled steel flat products from Brazil, China, India, Japan, Korea, Russia, and the United Kingdom. 

In the Brazil investigation, mandatory respondent Companhia Siderurgica Nacional received a calculated preliminary dumping margin of 38.93 percent.  The second mandatory respondent, Usiminas Siderurgicas de Minas Gerais (Usiminas), did not respond to all of the DOC’s requests for information, and therefore received a dumping margin based on adverse facts available.  Consistent with the DOC’s practice with regard to the application of facts available with adverse inferences, when determining a rate that is adverse, the DOC selects the higher of either the petition rate or highest calculated rate in the proceeding.  Based on this, Usiminas and all other producers/exporters in Brazil also received a preliminary dumping margin of 38.93 percent. 

In the China investigation, no company responded to the DOC’s requests for information.  Accordingly, all producers/exporters in China received a preliminary dumping margin of 265.79 percent, based on adverse facts available.   

In the India investigation, the sole mandatory respondent JSW Steel Limited/JSW Coated Products Limited received a preliminary dumping margin of 6.78 percent.  All other producers/exporters in India received a preliminary dumping margin of 6.78 percent. 

In the Japan investigation, mandatory respondents JFE Steel Corporation and Nippon Steel & Sumitomo Metal Corporation did not respond to the DOC’s requests for information.  Accordingly, both mandatory respondents received a preliminary dumping margin of 71.35 percent, based on adverse facts available.  All other producers/exporters in Japan received a preliminary dumping margin of 71.35 percent.  

In the Korea investigation, mandatory respondents POSCO/Daewoo International Corporation and Hyundai Steel Corporation received preliminary dumping margins of 6.89 percent and 2.17 percent, respectively.  All other producers/exporters in Korea received a preliminary dumping margin of 4.53 percent. 
 
In the Russia investigation, mandatory respondents Joint Stock Company Severstal and Novolipetsk Steel OJSC received preliminary dumping margins of 12.62 percent and 16.89 percent, respectively.  All other producers/exporters in Russia received a preliminary dumping margin of 14.76 percent. 

In the United Kingdom investigation, mandatory respondents Caparo Precision Strip, Ltd. and Tata Steel UK Ltd. received preliminary dumping margins of 5.79 percent and 31.39 percent, respectively.  All other producers/exporters in the United Kingdom received a preliminary dumping margin of 28.03 percent. 

The DOC preliminary found that critical circumstances exist with respect to certain exporters from China, Japan, and Russia.  Where critical circumstances were found, CBP will be instructed to impose provisional measures retroactively on entries of cold rolled steel flat products effective 90 days prior to publication of the preliminary determinations in the Federal Register.   

The petitioners for these investigations are AK Steel Corporation, ArcelorMittal USA LLC, Nucor Corporation, Steel Dynamics, Inc., and United States Steel Corporation. 

In 2014, imports of certain cold rolled steel flat products from Brazil, China, India, Japan, Korea, Russia, and the United Kingdom were valued at an estimated $65 million, $514 million, $57 million, $143 million, $206 million, $54 million, and $132 million, respectively.   

The DOC is currently scheduled to announce its final determinations in the China and Japan investigations on or about May 17, 2016, unless the statutory deadlines are extended.  The final determinations in the Brazil, India, Korea, Russia, and United Kingdom investigations have been extended, and are scheduled to be announced on or about July 13, 2016. 

If the DOC makes affirmative final determinations, and the US International Trade Commission (ITC) makes affirmative final determinations that imports of certain cold rolled steel flat products from Brazil, China, India, Japan, Korea, Russian, and/or the United Kingdom, materially injure, or threaten material injury to, the domestic industry, the DOC will issue AD orders. The ITC is currently scheduled to make its final injury determinations in the China and Japan investigations in June 2016 and the Brazil, India, Korea, Russia, and United Kingdom investigations in August 2016. 



Similar articles

Ex-China CRC offer prices down slightly due to lower local and futures prices

13 Nov | Flats and Slab

UK launches safeguard discontinuation review for cold rolled flat steel products

13 Nov | Steel News

Coated and CRC prices in Turkey pulled down by low demand, weak HRC prices

12 Nov | Flats and Slab

Tosyalı-Toyo starts trial production at tin production capacity increase project

12 Nov | Steel News

Baosteel keeps its HRC price stable for December

12 Nov | Flats and Slab

US steel exports down 11.3 percent in September from August

12 Nov | Steel News

Local Indian CRC prices increases but sales still pushed at discounts

11 Nov | Flats and Slab

US flat steel pricing flat to lower as market considers sideways to down November scrap call

08 Nov | Flats and Slab

CRC and HDG prices stable in Europe amid sluggish demand

08 Nov | Flats and Slab

Turkish flats market remains weak, HRC prices soften only slightly

07 Nov | Flats and Slab