NEW YORK AK Steel Corp. praised the International Trade Commissions (ITCs) ruling that imports of non-oriented electrical steel (NOES) from six countries have harmed the domestic steel industry.
The ITC determined Dec. 2 that there was "reasonable indication" that the domestic industry has been "materially injured" by allegedly dumped imports from China, Germany, Japan, South Korea, Sweden and Taiwan, as well as allegedly subsidized imports from China, Korea and Taiwan (amm.com, Dec. 2).
AK Steel, which accounted for all domestic NOES production in 2012, filed anti-dumping and countervailing trade petitions with the ITC and U.S. Commerce Department in September (amm.com, Sept. 30).
"We applaud the ITCs preliminary ruling against unfairly traded imports of non-oriented electrical steel," chairman, president and chief executive officer of the West Chester, Ohio-based steelmaker James L. Wainscott said in a statement. "The rules of fair trade apply to all of our competitors, and we will continue to vigorously defend our ability to compete by using every tool at our disposal."
The Commerce Department has initiated its own investigation into NOES imports, with a preliminary countervailing duty determination due by Jan. 10 and a preliminary anti-dumping duty determination due by March 26.