Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Anti-Dumping Duties Issued For Hot-Rolled Steel Flat Products

By MetalMiner CommoditiesMar 16, 2016 02:54AM ET
www.investing.com/analysis/anti-dumping-duties-issued-for-hot-rolled-steel-flat-products,-u.k.-hit-200121729
Anti-Dumping Duties Issued For Hot-Rolled Steel Flat Products
By MetalMiner   |  Mar 16, 2016 02:54AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The Department of Commerce announced today its affirmative preliminary determinations in the anti-dumping duty investigations of hot-rolled steel flat products from Australia, Brazil, Japan, Korea, the Netherlands, Turkey, and the U.K.

The products covered by these investigations are certain hot-rolled, flat-rolled steel products, with or without patterns in relief, and whether or not annealed, painted, varnished, or coated with plastics or other non-metallic substances.

Hot-Rolled Steel Dumping Margins

In the U.K. investigation, the mandatory respondent Tata Steel U.K. Ltd. (NS:TISC) received a preliminary dumping margin of 49.05%. All other producers/exporters in the U.K. received a preliminary dumping margin of 49.05%.

In the Australia investigation, mandatory respondent BlueScope Steel Ltd. (AX:BSL) received a preliminary dumping margin of 23.25%. All other producers/exporters in Australia received a preliminary dumping margin of 23.25%.

In the Brazil investigation, mandatory respondents Companhia Siderurgica Nacional (NYSE:SID) and Usinas Siderurgicas de Minas Gerais (OTC:USNZY) (Usiminas) received preliminary dumping margins of 33.91% and 34.28%, respectively. All other producers/exporters in Brazil received a preliminary dumping margin of 33.91%. The rate for Usiminas was calculated using total adverse facts available because the company did not respond to Commerce’s questionnaire.

In the Japan investigation, mandatory respondents JFE Steel Corporation (T:5411) and Nippon Steel & Sumitomo Metal Corporation (OTC:NSSMY) received preliminary dumping margins of 6.79% and 11.29% respectively. The rates for both companies were calculated using partial facts available and adverse facts available, as they, too, did not provide Commerce with requested information. All other producers/exporters in Japan received a preliminary dumping margin of 10.24%.

In the South Korea investigation, mandatory respondents Hyundai Steel Company (KS:004020) and POSCO (NYSE:PKX) received preliminary dumping margins of 3.97% and 7.33%, respectively. All other producers/exporters in Korea received a preliminary dumping margin of 5.65%.

In the Netherlands investigation, the mandatory respondent Tata Steel IJmuiden B.V.(NS:TISC) received a preliminary dumping margin of 5.07%, which was calculated using partial adverse facts available because the company also failed to provide requested information. All other producers/exporters in the Netherlands received a preliminary dumping margin of 5.07%.

In the Turkey investigation, mandatory respondents Colakoglu Metalurji A.S./Colakoglu Dis Ticaret A.S and Ereğli Demir ve Çelik Fabrikaları T.A.Ş./Iskendrun Demir ve Çelik T.A.Ş. received preliminary dumping margins of 7.07% and 5.24%, respectively. All other producers/exporters in Turkey received a preliminary dumping margin of 6.82%.

What Does This Mean For the Metals You Buy?

As a result of the preliminary affirmative determinations, Commerce will instruct U.S. Customs and Border Protection to require cash deposits for covered imports of hot-rolled steel flat products based on these preliminary rates.

The petitioners for these investigations are AK Steel Corporation (NYSE:AKS), ArcelorMittal USA LLC (NYSE:MT), Nucor Corporation (NYSE:NUE), SSAB Enterprises LLC (LON:0KII), Steel Dynamics, Inc. (NASDAQ:STLD), and United States Steel Corporation (NYSE:X).

Anti-Dumping Duties Issued For Hot-Rolled Steel Flat Products
 

Related Articles

Phil Flynn
The Energy Report: Gas Gimmicks By Phil Flynn - Jun 24, 2022 1

Energy prices are trying to find some support after getting beat up on recession fears in data from the American Petroleum Institute that failed to inspire people to come back in...

Anti-Dumping Duties Issued For Hot-Rolled Steel Flat Products

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email