The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of stainless steel sheet and strip from China that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.
Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson, Meredith M. Broadbent, and F. Scott Kieff voted in the affirmative.
As a result of the USITC’s affirmative determinations, Commerce will issue antidumping and countervailing duty orders on imports of this product from China.
The Commission also made negative findings with respect to critical circumstances with regard to imports of this product from China. As a result, subsidized goods that entered the United States from China prior to July 18, 2016, will not be subject to retroactive countervailing duties, and goods sold at less than fair value that entered the United States prior to September 19, 2016, will not be subject to retroactive antidumping duties (these dates are the dates of Commerce’s affirmative preliminary determinations).
The Commission’s public report Stainless Steel Sheet and Strip from China (Investigation Nos. 701-TA-557 and 731-TA-1312 (Final), USITC Publication 4676, March 2017) will contain the views of the Commission and information developed during the investigations.
The report will be available by April 14, 2017; 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
Stainless Steel Sheet and Strip from China
Investigation Nos. 701-TA-557 and 731-TA-1312 (Final)
Product Description: The merchandise covered by these investigations is stainless steel sheet and strip, whether in coils or straight lengths. Stainless steel is an alloy steel containing, by weight, 1.2 percent or less of carbon and 10.5 percent or more of chromium, with or without other elements. The subject sheet and strip is a flat-rolled product with a width that is greater than 9.5 mm and with a thickness of 0.3048 mm and greater but less than 4.75 mm, and that is annealed or otherwise heat treated, and pickled or otherwise descaled. The subject sheet and strip may also be further processed (e.g., cold-rolled, annealed, tempered, polished, aluminized, coated, painted, varnished, trimmed, cut, punched, or slit, etc.) provided that it maintains the specific dimensions of sheet and strip set forth above following such processing. The products described include products regardless of shape, and include products of either rectangular or non-rectangular cross-section where such cross-section is achieved subsequent to the rolling process, i.e., products which have been ‘‘worked after rolling’’ (e.g., products which have been beveled or rounded at the edges).
Status of Proceedings:
1. Type of investigations: Final antidumping and countervailing duty.
2. Petitioners: AK Steel Corp., West Chester, Ohio; Allegheny Ludlum, LLC d/b/a ATI Flat Rolled Products, Pittsburgh, Pennsylvania; North American Stainless, Inc., Ghent, Kentucky; and Outokumpu Stainless USA, LLC, Bannockburn, Illinois.
3. Investigations instituted by USITC: February 12, 2016.
4. USITC hearing: January 31, 2017.
5. USITC vote: March 3, 2017.
6. USITC notification of Department of Commerce: March 24, 2017.
1. Number of U.S. producers in 2015: Four.
2. Location of producers’ plants: Alabama, Connecticut, Georgia, Illinois, Indiana, Kentucky, Massachusetts, Ohio, and Pennsylvania.
3. Employment of production and related workers in 2015: 2,637.
4. U.S. producers’ U.S. shipments in 2015: $3 billion.
5. Apparent U.S. consumption in 2015: $4.1 billion.
6. Ratio of subject imports to apparent U.S. consumption in 2015: 7.6 percent.
U.S. Imports in 2015:
1. From China during 2015: $312 million.
2. From other countries during 2015: $762 million.
3. Leading sources during 2015: China, Mexico, and Taiwan (in terms of total value).