WASHINGTON, D.C. – American Iron and Steel Institute (AISI) President and CEO Thomas J. Gibson today issued the following statement in reaction to the Department of Commerce (DOC) final determinations in the antidumping (AD) and countervailing duty (CVD) investigations on imports of cold-rolled steel from Brazil, India, South Korea, Russia, and the United Kingdom:
“We are pleased that DOC has used the tools made available to it to provide significant relief through affirmative AD and CVD findings in the ongoing cold-rolled steel cases. The U.S. trade remedy laws are the only means by which domestic industry can begin to mitigate the devastating impact from dumped and subsidized foreign imports,” Gibson said.
In yesterday’s announcement, DOC set antidumping duties ranging from 14 to 35 percent on imports from Brazil, 8 percent on India, 6 to 34 percent on South Korea, 1 to 13 percent on Russia, and 5 to 26 percent on the United Kingdom. It also set countervailing duties of 11 percent on imports from Brazil, 10 percent on India, 4 to 58 percent on South Korea, and 1 to 7 percent on Russia.
These cases were filed last year by AISI members AK Steel Corporation, ArcelorMittal USA LLC, Nucor Corporation, United States Steel Corporation, and others.
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AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 19 member companies, including integrated and electric furnace steelmakers, and approximately 120 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel).