US Planning Several Anti-Dumping Duties On Steel

The United States has announced affirmative preliminary determinations for anti-dumping duties on imports of non-oriented electrical steel (NOES) from China, Germany, Japan, South Korea, Sweden, and Taiwan.

The US Department of Commerce (DOC) said on May 16, 2014, that NOES is being sold in the US by exporters in these nations at "less than fair value."

The DOC has preliminarily determined that a dumping margin of 407.52 percent should apply to NOES producers and exporters from China. In addition it assigned margins of 86.29-98.84 percent to German companies; 135.59-204.79 percent to Japanese companies; 6.91 percent to South Korean companies; 98.46-126.72 percent to Swedish companies; and 28.14-52.23 percent to Taiwanese companies.

Anti-dumping duties will only be enforced if the US International Trade Commission (USITC) determines that imports of NOES from the countries in question are materially injuring or threaten material injury to US producers. The USITC is due to issue its final determination at the end of this year.

NOES is mainly used in the production of electricity generators and motors. The countries subject to the NOES anti-dumping investigations supplied a combined USD60.8m worth of NOES to the US in 2013, according to information published by the DOC.

May 29, 2014

Source: Tax News