U.S. International Trade Commission Issues Ruling On Cold-Rolled Steel Imports
Last Thursday, the U.S. International Trade Commission announced a preliminary decision to impose duties on cold-rolled steel products from Brazil, India, Korea, Russia, and the United Kingdom.
As the Coalition for a Prosperous America (CPA) reported, the duties will range “from 10 percent to 32 percent on Brazil, about 8 percent on India, about 6 percent to 34 percent on South Korea, 1 percent to 13 percent on Russia and about 5 percent to 26 percent on the United Kingdom.” The commission “also set additional countervailing duties of around 11 percent on Brazil, 10 percent on India, 4 percent to 58 percent on South Korea and 1 percent to 7 percent on Russia.” The CPA also noted this decision imposes the first duties on the United Kingdom (UK) by the United States since 2001. (In 2014, the UK shipped $132 million in cold-rolled steel to the United States.)
The commission will vote in September whether to give its final approval to the duties.