European steel producers win against US steel duties
The US Department of Commerce has accepted a ruling by the World Trade Organization that required a change in the calculation of anti-dumping duties on eight European steel exporters. In most cases, the recalculation resulted in the elimination of all duties and a reduction in other cases, the DOC said in a 26-page decision posted on its web site Tuesday.
The duties were eliminated on hot-rolled coil from the Corus Group in the Netherlands (from 2.59% to zero) and stainless steel bar from Ugitech in France (from 3.9% to zero) and Corus Engineering Steels in the UK (from 4.48% to zero). Duties were also eliminated or reduced on six other stainless steel bar and wire rod producers in the UK, Italy, Germany, and Sweden, previously ranging from 4.76% to 32.32%. Duties on imports of cut-to-length carbon steel plate from Palini and Bertoli in Italy were reduced from 7.85% to 7.64%.
The US petitioners included Nucor, Mittal USA. Ipsco, Steel Dynamics, and Carpenter Technology.
The duties were recalculated without using a methodology called "zeroing," and allowed companies to offset goods sold at lower (or dumped) export prices with like products sold at higher prices in the US.
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