NEW YORK AK Steel Corp. has filed a trade petition against imports of non-oriented electrical steel from China, Germany, Japan, South Korea, Sweden and Taiwan, claiming material from those countries dumped "at less than normal value" is lowering prices and placing a strain on the companys margins.
The petition, filed Sept. 30 with the U.S. International Trade Commission and the U.S. Commerce Department, comes less than two weeks after AK Steel joined Pittsburgh-based Allegheny Technologies Inc. (ATI) and the United Steelworkers union in filing a similar anti-dumping and countervailing petition against imports of grain-oriented electrical steel (amm.com, Sept. 18).
West Chester, Ohio-based AK Steel said it has "lost a substantial volume of sales and has been forced to lower prices to achieve sales due to significant and pervasive underselling" by importers, according to the filing. The company said imports of non-oriented electrical steel from the six countries, which totaled 76,006 tons and accounted for 92.4 percent of imports from all countries in 2012, undersold AKs domestic product "by significant margins."
The company alleges dumping margins as high as 397 percent for Chinese producers, 221 percent for Japanese producers, 125 percent for Swedish producers, 106 percent for Taiwanese producers, 87 percent for German producers and 71 percent for Korean producers.
The volume of non-oriented grain steel imports from the six countries increased 36.9 percent to 76,006 tons in 2012 from 55,507 tons in 2010, according to the filing, but imports through the first six months of 2013 fell 36.7 percent to 26,481 tons from 41,812 tons in the same period last year.
The petition also said that subsidies provided by the governments of China, Korea and Taiwan to non-oriented electrical steel producers had created "a significant likelihood that low-priced, subsidized imports ... will continue their rapid penetration of the U.S. market."