ITC Says Fabricated Structural Steel From Canada, China, And Mexico Does Not Injure U.S. Industry
On February 25, the United States International Trade Commission (ITC) announced that it had determined that U.S. industry is not materially injured or threatened with material injury by imports of fabricated structural steel from Canada, China, and Mexico. The decision was 3-2.
As Reuters explains, the ruling eliminates U.S. anti-dumping and anti-subsidy duties on imports of steel structures prefabricated from beams, girders, columns, plates, and flanges for use in construction. (In 2018, U.S. imports of these products were valued at $722.5 million from Canada, $897.5 million from China and $622.4 million from Mexico.)
As a reminder, this past January, the U.S. Department of Commerce had issued a determination that producers and/or exporters from Canada, China, and Mexico had sold fabricated structural steel into the United States at margins ranging from 0-6.7 percent, 61.71-154.14 percent, and 0-30.58 percent, respectively. Commerce also had determined that producers and/or exporters from China and Mexico received countervailable subsidies at rates of 27.34-206.49 percent and 0.01-8.87 percent, respectively.
FastMarketsAMM (subscription required) said the ITC’s ruling “portends neutral to negative implications for US fabricated structural steel supply and associated upstream steel consumption.”
Meanwhile, also according to FastmarketsAMM (subscription required), last week the Commerce Department also announced it will continue anti-dumping duties on imports of non-oriented electrical steel from China, Germany, Japan, South Korea, Sweden, and Taiwan. The department said, “Revocation… would be likely to lead to continuation or recurrence of dumping.” Click here to read the department’s notice.