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).
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.