The American Iron and Steel Institute's (AISI's) president and CEO Thomas J Gibson has welcomed the US Department of Commerce's 'final determinations' on anti-dumping and countervailing duty investigations on imported cold-rolled steel from Brazil, India, South Korea and the UK.
“We are pleased that DOC has used the tools made available to it to provide significant relief through affirmative AD and CVD findings in the ongoing cold-rolled steel cases. The U.S. trade remedy laws are the only means by which domestic industry can begin to mitigate the devastating impact from dumped and subsidized foreign imports,” Gibson said.
In yesterday’s announcement, the DOC set anti-dumping duties ranging from 14% to 35% on imports from Brazil, 8% on India, 6% to 34% on South Korea, 1% to 13% on Russia, and 5% to 26% on the United Kingdom. It also set countervailing duties of 11% on imports from Brazil, 10% on India, 4% to 58% on South Korea, and 1% to 7% on Russia.
These cases were filed last year by AISI members AK Steel Corporation, ArcelorMittal USA LLC, Nucor Corporation, United States Steel Corporation, and others.