Today, the Department of Commerce affirmed anti-dumping duties on imports of cold-rolled steel flat products from China and Japan, and countervailing duties — levied due to foreign government subsidies — on imports of cold-rolled steel from China.
Commerce determined that imports of cold-rolled steel from China and Japan have been sold in the U.S. at dumping margins of 265.79% and 71.35%, respectively. Commerce also determined that imports of cold-rolled steel from China received countervailable subsidies of 256.44%. This brings the total duties on Chinese cold-rolled imports to a whopping 522%
These anti-dumping determinations were exactly the same as Commerce’s preliminary findings released in March.
As a result of the affirmative final determinations, Commerce will instruct U.S. Customs and Border Protection to continue to require cash deposits based on the final rates, which were the same as the preliminary rates for the anti-dumping duties. The countervailing duties rates will be added to Chinese cold-rolled imports.
Cold-Rolled Steel Petitioners
The petitioners for these investigations are AK Steel Corporation, ArcelorMittal USA LLC, Nucor Corporation, Steel Dynamics, Inc., and United States Steel Corporation.