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ITC votes to revoke coated steel duties

Keywords: Tags  South Korean steel, German steel, ThyssenKrupp, countervailing duties, anti-dumping duties, coated sheet, corrosion-resistant steel, Catherine Ngai

NEW YORK — The U.S. International Trade Commission (ITC) voted unanimously in a third sunset review that revocation of existing anti-dumping and countervailing duty orders on corrosion-resistant flat steel products from South Korea and Germany are unlikely to lead to material injury to the U.S. industry.

Last month, foreign and domestic steelmakers clashed in arguments on whether anti-dumping duty orders on the product from the countries and a countervailing duty order on material from South Korea would hurt the U.S. industry (, Jan. 9).

Domestic interests had said during an ITC hearing that ThyssenKrupp AG’s impending sale of its Calvert, Ala., plant will mean that it will no longer supply material domestically and it will increase imports from its German plants, especially with the European economic crisis.

Existing dumping duties range from 10.02 percent for Germany to 17.7 percent for South Korea, while the subsidy duty on South Korean product has been set at 1.15 percent. The duties had been in place since 1993.

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