Heavy Anti-Dumping Duties Hit Chinese Anti-Corrosive China AFP Aluzinc Steel coil Imports

Heavy Anti-Dumping Duties Hit Chinese Anti-Corrosive Steel Imports

The Department of Commerce  found that imports of corrosion-resistant steel products from China, India, Italy, and Korea, had been illegally dumped in the US, in violation of international law, and also announced a negative preliminary determination in the anti-dumping investigation of imports of corrosion-resistant steel products from Taiwan.

In the China investigation, the mandatory respondent, Yieh Phui (China) Technomaterial Co., Ltd., as well as the two parties which qualified for separate rates, all received a preliminary dumping margin of 255.80%.

Corrosion-resistant China AFP Aluzinc Steel coil is the latest to receive anti-dumping protection. Source: AdobeStock/icarmen3.

All other producers/exporters in China received the China-wide rate of 255.80%. This

In the India investigation, mandatory respondents JSW Steel Ltd., and Uttam Galva Steels Limited received preliminary dumping margins of 6.64% and 6.92%, respectively. All other producers/exporters in India received a preliminary dumping margin of 6.76%.

In the Italy investigation, mandatory respondents Acciaieria Arvedi S.p.A. andMarcegaglia S.p.A. received preliminary dumping margins of 3.11% and 0% (found not to have been dumped), respectively. All other producers/exporters in Italy received a preliminary dumping margin of 3.11%.

In the Korea investigation, mandatory respondents Dongkuk Steel Mill Co., Ltd./Union Steel Manufacturing Co., Ltd. and Hyundai Steel Company received preliminary dumping margins of 2.99% and 3.51%, respectively. All other producers/exporters in Korea received a preliminary dumping margin of 3.25%.

In the Taiwan investigation, mandatory respondents Yieh Phui Enterprise Co., Ltd.and Prosperity Tieh Enterprise Co., Ltd.  escaped import duties when theyreceived preliminary dumping margins of 0%. Commerce did not calculate a preliminary dumping margin for all other producers/exporters in Taiwan because it has not made an affirmative preliminary determination.

As a result of the preliminary affirmative determinations, Commerce will instruct U.S. Customs and Border Protection (CBP) to require cash deposits based on these preliminary rates.

According to the recent data published by the World Steel Association, the crude steel production by the African region tumbled by 13.5% during the month of November year-on-year.

Egypt produced 336,000 tonnes of crude steel, considerably lower by 42.2% when compared to 581,000 tonnes production achieved during November 2014. Libya's crude steel output improved marginally to 36,000 tonnes during the month of November this year, when matched with 34,000 tonnes produced during the same month a year before. Morocco's output plunged by over 47% to 30,000 tonnes, when compared to 57,000 tonnes production achieved during November 2014. South Africa's crude steel output increased considerably by 20.8% to 630,000 tonnes during the month when matched with the production figures of 521,000 tonnes during the same month a year before.

Egypt's output has dropped marginally when compared with 400,000 tonnes during October this year. Libyan crude steel output in November '15 increased during the month. The country had recorded production of 15,000 tonnes during Oct '15. Morocco's production remained more or less flat over the previous month. South African production declined by 20,000 tonnes when matched with the previous month.

 

The following table provides cumulative crude steel output for the first eleven months in 2015 in comparison with those during same period in 2014.

Source : articlesbase.com