The agreement that suspended the anti-dumping investigations regarding these imports has been terminated
The US Department of Commerce (DOC) is terminating the agreement that suspended anti-dumping investigations regarding the import of thick-rolled steel from the Russian Federation. The United States returns anti-dumping duties on these products. Kallanish reports about it.
The agreement with three Russian producers of these products – Severstal, Magnitogorsk Steel Plant (MSP) and NOSTA – was signed in 2002. In March 2023, three American producers (Nucor, Cleveland-Cliffs and SSAB) filed a request for its termination, arguing that the suspension of the agreement is against the public interest, since Russia is no longer a non-market entity.
The Ministry assigned a weighted average dumping margin of 53.81% to Severstal and an average dumping margin rate of 185% to all other Russian companies, as determined in the original investigation in 1997.
Plate imports affected by the suspension of this agreement are classified in the Harmonized Tariff Schedule of the United States (HTSUS) under subheadings 7208.40.3030, 7208.40.3060, 7208.51.0030, 7208.51.0045, 7208.51.0060, 7208.52.0000, 7208.53.0000, 7208.90.0000, 7210.70.3000, 7210.90.9000, 7211.13.0000, 7211.14.0030, 7211.14.0045, 7211.90.0000, 7212.40.1000, 7212.40.5000 та 7212.50.0000.
As GMK Center reported earlier, Great Britain extended for another five years anti-dumping measures regarding thick sheet steel from China. The government backed the Trade Remedies Authority’s (TRA) recommendation that British industry would suffer and local producers would be unlikely to compete under the conditions, which could lead to the closure of their businesses if the measures were lifted.