June 24, 2016
News Release 16-078
Inv. No(s). 701-TA-534-537 and 731-TA-1274-1278 (Final)
Contact: Peg O'Laughlin, 202-205-1819
Corrosion-Resistant Steel Products from China, India, Italy, Korea, and Taiwan Injure U.S. Industry, Says USITC

The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of corrosion-resistant steel products from China, India, Italy, Korea, and Taiwan that the U.S. Department of Commerce has determined are sold in the United States at less than fair value and subsidized by the governments of China, India, Italy, and Korea.

All six Commissioners voted in the affirmative. 

As a result of the USITC’s affirmative determinations, Commerce will issue a countervailing duty order on imports of these products from China, India, Italy, and Korea and antidumping duty orders on imports of these products from China, India, Italy, Korea, and Taiwan.

The Commission also made negative findings with respect to critical circumstances with regard to imports of these products from China, Italy, Korea, and Taiwan.  As a result, goods that entered the United States from China, Italy, and Korea prior to November 6, 2015, will not be subject to retroactive countervailing duties, and goods that entered the United States from China, Italy, Korea, and Taiwan prior to January 4, 2016, will not be subject to retroactive antidumping duties (dates are the dates of the Department of Commerce’s affirmative preliminary determinations).

The Commission’s public report Corrosion-Resistant Steel Products from China, India, Italy, Korea, and Taiwan (Investigation Nos. 701-TA-534-537 and 731-TA-1274-1278 (Final), USITC Publication 4620, July 2016) will contain the views of the Commission and information developed during the investigations.

The report will be available by July 28, 2016; when available, it may be accessed on the USITC website at: http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.

 

UNITED STATES INTERNATIONAL TRADE COMMISSION
Washington, DC 20436

FACTUAL HIGHLIGHTS

Corrosion-Resistant Steel Products from China, India, Italy, Korea, and Taiwan
Investigation Nos. 701-TA-534-537 and 731-TA-1274-1278 (Final)

Product Description: The products covered by these investigations are certain flat‐rolled steel products, either clad, plated, or coated with corrosion‐resistant metals such as zinc, aluminum, or zinc‐, aluminum‐, nickel‐ or iron‐based alloys, whether or not corrugated or painted, varnished, laminated, or coated with plastics or other non‐metallic substances in addition to the metallic coating. The products covered include coils that have a width of 12.7 mm or greater, regardless of form of coil (e.g., in successively superimposed layers, spirally oscillating, etc.) and products not in coils (e.g., in straight lengths).

The following are outside of and/or specifically excluded from the scope of these investigations:

  • Flat‐rolled steel products either plated or coated with tin, lead, chromium, chromium oxides, both tin and lead (“terne plate”), or both chromium and chromium oxides (“tin free steel”);
  • Clad plate products; and
  • Certain 3-ply clad stainless flat‐rolled products.

 

Status of Proceedings:

  1. Type of investigations: Final antidumping and countervailing duty.
  2. Petitioners: United States Steel Corp. (Pittsburgh, Pennsylvania), Nucor Corp. (Charlotte, North Carolina), Steel Dynamics Inc. (Fort Wayne, Indiana), California Steel Industries (Fontana, California), ArcelorMittal USA LLC (Chicago, Illinois), and AK Steel Corp. (West Chester, Ohio).
  3. Investigations instituted by the USITC: June 3, 2015.
  4. USITC hearing: May 26, 2016.
  5. USITC vote: June 24, 2016.
  6. USITC views to the U.S. Department of Commerce: July 7, 2016.

U.S. Industry:

  1. Number of producers in 2015: Twenty.
  2. Location of producers’ plants: Alabama, Arkansas, California, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania, South Carolina, Washington, and West Virginia.
  3. Employment of production and related workers in 2015: 11,667.
  4. Apparent U.S. consumption in 2015: $17.1 billion.
  5. Ratio of the value of total U.S. imports to total U.S. consumption in 2015: 21.1%.

U.S. Imports:

  1. From subject countries during 2015: $2.1 billion.
  2. From other countries during 2015: $1.5 billion.
  3. Leading sources during 2015. Canada, Korea, Taiwan, China.
# # #