U.S. Government Raises Tariffs On Nippon Steel

As Bloomberg reported, last week the U.S. Department of Commerce raised tariffs on hot-rolled steel flat products from Japan’s Nippon Steel Corp. (Connecting the Dots is reporting this decision for its members’ benefit only. The Metals Service Center Institute has not taken a position on this matter, and routinely reports when the Commerce Department makes tariff announcements.)

The department said it will impose a dumping margin of 29 percent on Nippon Steel for selling hot-rolled steel in the United States at prices below normal value from October 2022 through September 2023, according to a preliminary ruling published to the Federal Register.

The Nov. 13 decision was part of the department’s annual administrative review of a dumping case that has existed since 2016. Bloomberg noted the updated tariff, if confirmed in a final determination, “is significant since it would raise duties on Nippon Steel’s hot-rolled steel products from a prior level of 1.39 percent.”

The Commerce Department did not disclose the actual volume of illegally dumped steel. Read the department’s Federal Register notice at this link.