September 19, 2016

U.S. Commerce Department Sets Final Duties On Hot-Rolled Steel, Preliminary Duties On Stainless

Last week, the U.S. International Trade Commission (ITC) finalized punitive duties on hot-rolled steel imports from Australia, Brazil, Japan, the Netherlands, South Korea, Turkey and the United Kingdom and countervailing duties on imports from Brazil and South Korea. Click here for a detailed description of the decision. Imports from these countries total approximately $1.5 billion. 

As Politico’s “Morning Trade” reports, in response to a petition from Allegheny Ludlum, North American Stainless and Outokumpu Stainless USA, the U.S. Commerce Department last week also set preliminary anti-dumping duties ranging from about 64 percent to 77 percent on imports of stainless steel sheet and strip from China. The department will announce its final decision in this matter in late November with approval or disapproval coming from the ITC in early January 2017.