Imported coated steel duty debate heats up
Nov 08, 2012 | 04:16 PM
| Samuel Frizell
NEW YORK The battle for U.S. market share is heating up as anti-dumping and countervailing duties on corrosion-resistant steel from Germany and South Korea come up for review in Washington.
Domestic steelmakers will vie to maintain duties on their foreign competitors, while overseas mills and their advocates will urge the repeal of the measures when the U.S. International Trade Commission (ITC) holds a hearing on the issue Jan. 9.
Since 1993, corrosion-resistant steel plated with zinc-, aluminum-, nickel- or iron-based alloys from Germany has been subject to anti-dumping duties of 10.02 percent, while most South Korean corrosion-resistant steel has had anti-dumping duties of 17.7 percent and countervailing duties of 1.15 percent. The anti-dumping duty order on Posco Ltd. was revoked in 2010, while both Posco and Dongbu Steel Co. Ltd. received no countervailing duty orders during the original case or subsequent sunset reviews. Union Steel Manufacturing Co. Ltd. was also excluded from the original countervailing duty order.....
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