U.S. Government Announces Trade Penalties For Hot-Rolled Flat Carbon Steel Products

The U.S. Department of Commerce (DOC) announced last week the final results of the review of anti-dumping and countervailing duties on certain types of hot-rolled flat carbon steel products from China, India, Indonesia, Taiwan, Thailand, and Ukraine. It found eliminating anti-dumping duties on hot-rolled steel from these six countries would be likely to lead to continued or renewed dumping.

As a result, the weighted average dumping margin will be 44.4 percent for India, 47.86 percent Indonesia, 90.83 percent for China, 29.14 percent for Taiwan, 20.30 percent Thailand, and 90.33 percent for Ukraine. The Commerce Department also determined that eliminating countervailing duties on certain products from Thailand, India, and Indonesia would result in continued or recurring subsidies.

The final rates of countervailing duties are 2.38 percent for Thailand and 10.21 percent for Indonesia. The countervailing duty rates are 336.62 percent for India’s Essar Steel Limited, 360.23 percent for Ispat Industries Limited, 346.61 percent for Steel Authority of India Limited, 337.51 percent for Tata Iron and Steel Company Limited, and 344.44 percent for all other Indian exporters.

Read more about these determinations in the U.S. government’s Federal Register.