The Steel Manufacturers Association (SMA) commented on yesterday’s Department of Commerce affirmative preliminary determinations in the anti-dumping investigations of hot-rolled steel products from Australia, Brazil, Japan, Korea, the Netherlands, Turkey, and the United Kingdom.
As a result of the affirmative determinations, the US Customs and Border Protection agency will require cash deposits for the potential duties until the US International Trade Commission makes a final determination.
“The outcomes of these investigations are critical to domestic steel producers, the workforce, and surrounded communities that have been harmed by the ongoing surge of unfairly traded hot-rolled steel products. Massive global overcapacity in steel is causing problems around the world, and the US cannot continue to be the market of last resort for the world’s overcapacity problem,” said SMA President Philip K. Bell.
“US steelmakers can and will compete with producers anywhere in the world. The US government has an important role to play in addressing the unfair trade practices of some of our trading partners, and we commend the Department of Commerce in this instance for enforcing the international trade laws,” said Bell.