Posted on 15 Jan 2020
The US Department of Commerce has lowered the final antidumping duty rates assigned to producers and exporters of steel cut-to-length (CTL) plate from Belgium and Italy, according to a final administrative decision notice dated Monday.
In a review of the period spanning November 14, 2016 through April 30, 2018, Commerce found that producers and exporters of CTL plate from the two countries made sales in the US at less than normal value.
Industeel Belgium was assigned a final weighted-average dumping margin of 4.75%, while Belgium's NLMK Clabecq was assigned a final dumping margin of 16.14%. All other producers and exporters of CTL plate from Belgium were assigned a final dumping margin of 13.53%. Imports of CTL plate from Belgium were previously subject to final dumping margins of 5.4%-51.78%.
NLMK Verona was assigned a final weighted-average dumping margin of 1.44%, while Officine Tecnosider received a final dumping rate of 1.63%. All other plate producers and exporters from Italy were assigned a final rate of 1.57%. Italy's CTL plate exports to the US were previously subject to final dumping margins of 6.08%-22.19%.
Commerce, in a separate decision, also issued lower final subsidy rates for some imports of CTL plate from South Korea after determining that POSCO received net countervailable subsidies during the period spanning April 4, 2017 through December 31, 2017.
As a result, POSCO and other CTL producers from South Korea were assigned a final subsidy margin of 0.5%. POSCO's plate imports were previously subject to a countervailing duty of 3.72%.
An administrative review involving South Korea's Hyundai Steel was rescinded as it was certified the company had made no shipments during the review period.
Source:S&P Global Platts
