Commerce Department issues final determinations in AD/CVD investigations

The U.S. Department of Commerce announced its final affirmative determinations in the antidumping duty and countervailing duty investigations on certain corrosion-resistant steel products from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, the Republic of Turkey, the United Arab Emirates, and the Socialist Republic of Vietnam. “American steel companies and workers deserve to compete on a level playing field,” said Under Secretary of Commerce for International Trade William Kimmitt. “The rates announced today demonstrate that the Trump Administration will vigorously enforce U.S. trade laws and will not tolerate unfairly traded goods in the U.S. marketplace.” This determination covers approximately $2.9B in imports and supports the continued health of U.S. steel production. CORE is used in the manufacture of automobile bodies, appliances, and commercial and residential buildings, as well as in other construction applications that are essential to U.S. consumers and the viability of strong manufacturing jobs across the United States. Companies that failed to respond to Commerce’s investigative inquiries are receiving rates based on application of facts available using adverse inferences. For more information on these investigations, please see Enforcement and Compliance’s Antidumping and Countervailing Duty Centralized Electronic Service System by searching the case numbers listed above. ACCESS is available for free to all registered users. The International Trade Commission, a separate agency, will next make a final determination of injury to the domestic steel industry. If the ITC makes an affirmative, trading partner-specific injury determination, Commerce will issue AD and CVD orders at the rates listed above and provide the domestic steel industry with the relief entitled to it under the law. Publicly traded companies in the space include ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD) and U.S. Steel (X).