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International trade

U.S. International Trade Commission Finds Material Injury from Unfairly Dumped and Subsidized Imports of Corrosion-Resistant Steel Products

Strategic Insights

— 2 min read

The U.S. International Trade Commission (ITC) has made affirmative final determinations in the antidumping (AD) and countervailing duty (CVD) investigations of corrosion-resistant steel products (CORE) from 10 countries, including Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and Vietnam. This decision follows a petition filed by Nucor Corporation, Steel Dynamics, Inc., United States Steel Corporation, Wheeling-Nippon Steel, Inc., and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC (the USW) in September 2024. The ITC found that U.S. CORE producers have been materially injured by unfairly dumped and subsidized imports of CORE from these countries, paving the way for the imposition of AD/CVD orders.

Key Takeaways:

  • The U.S. International Trade Commission (ITC) has made affirmative final determinations in the antidumping (AD) and countervailing duty (CVD) investigations of corrosion-resistant steel products (CORE) from 10 countries.
  • The ITC found that U.S. CORE producers have been materially injured by unfairly dumped and subsidized imports of CORE from these countries, paving the way for the imposition of AD/CVD orders.
  • The U.S. Department of Commerce published affirmative final determinations of dumping and subsidization in all investigations, finding dumping margins ranging from 5.59% to 191.26% and subsidy rates ranging from 1.14% to 257.83%.
  • The ITC determination follows a petition filed by Nucor Corporation, Steel Dynamics, Inc., United States Steel Corporation, Wheeling-Nippon Steel, Inc., and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC (the USW) in September 2024.
  • The orders will remain in effect for a minimum of five years and may be reviewed annually through Commerce's administrative review process to ensure that duty rates reflect current levels of unfair trade.
  • The U.S. Department of Commerce will issue AD/CVD orders requiring payment of the applicable duty deposits on imports of CORE from all countries.
  • Attorney Alan H. Price, counsel to Petitioner Nucor Corporation and co-chair of Wiley's International Trade Practice, states that "This is a critical victory for American CORE producers and their workers."

Statistics:

  • Dumping margins range from 5.59% to 191.26%.
  • Subsidy rates range from 1.14% to 257.83%.
  • 10 countries were investigated for unfair trade practices in the CORE industry.
  • U.S. CORE producers have been materially injured by unfairly dumped and subsidized imports of CORE.
  • The ITC determination affects imports of CORE from Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and Vietnam.

Sources:

  • U.S. International Trade Commission (ITC)
  • Nucor Corporation
  • Steel Dynamics, Inc.
  • United States Steel Corporation
  • Wheeling-Nippon Steel, Inc.
  • United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC (the USW)
  • Wiley Rein LLP, lawyers for Petitioner Nucor Corporation.
  • Wiley LLP press release, SOURCE Wiley Rein LLP.

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