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USITC Announces Determinations Concerning Cold-Rolled Steel Flat Products from Brazil, India, Korea, Russia, and the United Kingdom

September 2, 2016
News Release 16-110
Inv. No. 701-TA-540 and 542-544 and 731-TA-1283, 1285, 1287, and 1289-1290 (Final)
Contact: Peg O'Laughlin, 202-205-1819
USITC Announces Determinations Concerning Cold-Rolled Steel Flat Products from Brazil, India, Korea, Russia, and the United Kingdom

The United States International Trade Commission (USITC) today announced its determinations in its antidumping and countervailing duty investigations concerning imports of cold-rolled steel flat products from Brazil, India, Korea, Russia, and the United Kingdom that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value and subsidized by the governments of Brazil, India, Korea, and Russia.

The Commission determined that an industry in the United States is materially injured or threatened with material injury by reason of imports of these products from Brazil, India, Korea, and the United Kingdom.

Chairman Irving A. Williamson, Vice Chairman David S. Johanson, and Commissioners Dean A. Pinkert, Meredith M. Broadbent, and Rhonda K. Schmidtlein voted in the affirmative with respect to imports of these products from Brazil, India, Korea, and the United Kingdom.  Commissioner F. Scott Kieff voted in the affirmative with respect to imports from Brazil, Korea, and the United Kingdom and with respect to imports sold at less than fair value from India; he found that imports subsidized by the government of India are negligible.

All six Commissioners further found that imports of these products from Russia are negligible.  As a result of the Commission’s finding of negligibility, no orders will be issued on imports of these products from Russia.

As a result of the USITC’s affirmative determinations, Commerce will issue countervailing duty orders on imports of these products from Brazil, India, and Korea and antidumping duty orders on imports of these products from Brazil, India, Korea, and the United Kingdom.

The Commission’s public report Cold-Rolled Steel Flat Products from Brazil, India, Korea, Russia, and the United Kingdom (Investigation Nos. 701-TA-540 and 542-544 and 731-TA-1283, 1285, 1287, and 1289-1290 (Final), USITC Publication 4637, September 2016) will contain the views of the Commission and information developed during the investigations.

The report will be available by October 3, 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

Cold-Rolled Steel Flat Products from Brazil, India, Korea, Russia, and the United Kingdom
Investigation Nos. 701-TA-540, 542-544 and 731-TA-1283, 1285, 1287, and 1289-1290 (Final)

Product Description: The products covered by these investigations are certain cold-rolled (cold-reduced), flat rolled steel products, whether or not annealed, painted, varnished, or coated with plastics or other non-metallic substances. The products covered do not include those that are clad, plated, or coated with metal. The products covered include coils that have a width or other lateral measurement (‘‘width’’) of 12.7 mm or greater, regardless of form of coil (e.g., in successively superimposed layers, spirally oscillating, etc.). The products covered also include products not in coils (e.g., in straight lengths) of a thickness less than 4.75 mm and a width that is 12.7 mm or greater and that measures at least 10 times the thickness. The products covered also include products not in coils (e.g., in straight lengths) of a thickness of 4.75 mm or more and a width exceeding 150 mm and measuring at least twice the thickness. The products described above may be rectangular, square, circular, or other 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 investigation: Final antidumping and countervailing duty.
2.    Petitioners:  AK Steel Corp., West Chester, Ohio; ArcelorMittal USA LLC, Chicago, Illinois; Nucor Corp., Charlotte, North Carolina; Steel Dynamics, Inc., Fort Wayne, Indiana; and United States Steel Corp., Pittsburgh, Pennsylvania.
3. Investigation instituted by USITC:  July 28, 2015.
4. USITC hearing: May 24, 2016.
5. USITC vote: September 2, 2016 (Brazil, India, Korea, Russia, and the United Kingdom).
6. USITC notification of Department of Commerce: September 12, 2016 (Brazil, India, Korea, Russia, and the United Kingdom).

U.S. Industry:
1. Number of U.S. producers in 2015:  13.
2. Location of producers’ plants:  Alabama, Arkansas, California, Illinois, Indiana, Kentucky, Michigan, Mississippi, New York, Ohio, Pennsylvania, South Carolina, Washington, and West Virginia.
3. Employment of production and related workers in 2015: 11,218.
4. U.S. producers’ U.S. shipments in 2015:  $6.8 billion (merchant market).
5. U.S. producers’ U.S. shipments in 2015:  $18.3 billion (total market).
6. Apparent U.S. consumption in 2015:  $8.4 billion (merchant market).
7. Apparent U.S. consumption in 2015: $19.9 billion (total market).
8. Ratio of subject imports to apparent U.S. consumption in 2015 (value): 10.7 percent (7 subject countries, merchant market).
9. Ratio of subject imports to apparent U.S. consumption in 2015 (value): 4.5 percent (7 subject countries, total market).

U.S. Imports in 2015:
1. From Brazil, India, Korea, Russia, and the United Kingdom during 2015:  $467.8 million.
2. From China and Japan during 2015:  $431.5 million.
3. From other countries during 2015:  $712.0 million.
4. Leading sources during 2015: China, Canada, and Korea (in terms of total value).

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