US sets final duties on hot-rolled steel imports
USA, Pittsburgh: The U.S. Department of Commerce (USDOC) has made a final determination on duties on hot-rolled steel imports, including electrical steel, from seven countries.
The trade case, filed by six U.S. steel companies in August 2015, charged producers in Australia, Brazil, Japan, Korea, the Netherlands, Turkey and the United Kingdom with violating international trade laws by improperly subsidizing their steel producers and by dumping hot-rolled steel at below market prices in the U.S. market, reports PR Newswire.
According to the USDOC fact sheet, the final determination on anti-dumping (AD) and countervailing (CVD) duties for hot-rolled steel exports by producers in each country are:
Australia – 29.37% (AD)
Brazil – 33.14 to 34.28% (AD); 11.09 to 11.30% (CVD)
Japan – 4.99 to 7.51% (AD)
Korea – 3.89 to 9.49% (AD); 3.89 to 57.04% (CVD)
Netherlands – 3.73% (AD)
Turkey – 3.66 to 7.15% (AD); 0.34 to 6.01% (CVD)
United Kingdom – 33.06% (AD)
The duties announced by the government must be put in force by 19 September 2016 and remain in place for five years for imports from the seven countries.
Source: PR Newswire