US Commerce finds dumping, countervailable subsidies of imports of Chinese SS Sheet and Strip
NEW YORK (Scrap Register): The Department of Commerce (Commerce) announced its affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of stainless steel sheet and strip from the People’s Republic of China (China).
The AD and CVD law s provide U.S. businesses and workers with a transparent, quasi-judicial, and internationally accepted mechanism to seek relief from the market-distorting effects caused by injurious dumping and subsidization of imports into the United States, establishing an opportunity to compete on a level playing field.
The dumping margins in the antidumping investigations ranged from 63.86 percent to 76.64 percent. The subsidy rates in the countervailing duty investigations ranged from 75.6 percent to 190.72 percent.
With the Commerce Department having completed its work on the cases, the International Trade Commission is scheduled to announce on March 20 its final determination of whether the imports cause or threaten to cause material injury to domestic producers.
Also, on Feb. 22, Commerce announced an affirmative preliminary determination in the countervailing duty investigation of imports of steel concrete reinforcing bar from Turkey. The subsidy rates were found to be 3.47 percent.
A final determination by the Commerce Department is expected by May 15.