US producers of cold-rolled sheet steel filed unfair trade cases today against imports from eight countries alleging dumping margins as high as 320% and making illegal subsidy allegations as well.
The cited countries and their alleged dumping margins are as follows: Brazil (50-60%), China (266%), India (42%), Japan (83%), South Korea (93-176%), Netherlands (47-136%), Russia (69-320%), and the UK (48-84%).
Countervailing duty petitions against alleged subsidies were filed against Brazil, China, India, South Korea and Russia.
While announcing the trade action against cold-rolled coils, AK Steel said US CRC producers “have been facing a surge of what we believe are unfairly dumped and subsidized imports.”
AK was joined in the filing by ArcelorMittal USA, Nucor, Steel Dynamics and US Steel.
Imports of CRC from the eight countries targeted by this case increased by 120% between 2012 and 2014, from 798,000 tons to 1.75 million st.
In January-May this year these imports totaled 790,361 st, up from 548,835 st in the same period last year, according to AK’s release.
Steel Business Briefing 7/28/15