SMA on preliminary antidumping duties on imports of corrosion resistant steel products from China, India, Italy, South Korea, and Taiwan

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smalogoWashington, D.C. – The Steel Manufacturers Association (SMA) commented on today’s announcement of preliminary antidumping duties on imports of corrosion resistant steel products from China, India, Italy, South Korea, and Taiwan.  Chinese producers drew duties of 255.80 percent ; Indian producers face duties of 6.64 to 6.92 percent ; Italian producers were assessed rates of 0.00 – 3.11 percent;  and South Korean producers drew duties of 2.99 -3.51 percent. Taiwanese producers did not draw duties because the Commerce department has not made an affirmative preliminary determination.  The U.S. Department of Commerce had previously imposed preliminary countervailing duties on corrosion resistant steel imports from China, India, Italy, and South Korea.

            “The U.S. steel market faces an ongoing surge of imported steel, including massive amounts of corrosion resistant products.  The result has been widespread economic harm to domestic steel producers, their employees, and surrounding communities,” said .  “With several critical decisions pending at Commerce and at the International Trade Commission, we urge U.S. officials to impose duties that will meaningfully impact unfair trade practices.  Strong preliminary determinations are extremely important in these ongoing legal proceedings,” said Bell.

 

 

SMA is North America’s largest steel trade association, and the primary association for electric arc furnace steel producers.  SMA’s member companies account for over seventy-five percent of total domestic steel production