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UPI said mulling trade case vs. China sheet

Keywords: Tags  USS-Posco Industries, UPI, anti-dumping petition, U.S. Steel, Posco, California Steel Industries, CSI, flat-rolled sheet China sheet

LOS ANGELES — USS-Posco Industries Inc. (UPI) is considering filing an anti-dumping petition against Chinese cold-rolled sheet, a source close to the company told AMM.

The Pittsburg, Calif.-based flat-rolled producer, which declined to comment on the report, is weighing its options for filing a trade complaint with attorneys, the source said.

If UPI decides to file an anti-dumping petition, it would go against what has become conventional wisdom in this part of the country—that, whatever the impact of imports on the West Coast, regional dumping complaints have little chance of succeeding since damage must be shown on the overall U.S. market.

However, there is also a more recent view that a localized complaint has a much better chance of succeeding if it is determined that domestic mills outside the West Coast do not play a significant local role in the product under question.

Chinese commercial quality cold-rolled coil has at times over the past 18 months sold on the West Coast for an estimated $120 per ton or more under the domestic product price, according to market sources, although the spread might be less today.

Earlier this year UPI was reportedly attempting to compete more aggressively on price, although it eventually decided this course wasn’t economically viable, the sources said.

UPI, a joint venture of Pittsburgh-based U.S. Steel Corp. and Pohang, South Korea-based Posco Ltd., produces cold-rolled sheet, as well as hot-rolled pickled and oiled, galvanized sheet and tin mill products.

The other major West Coast flat-rolled producer, Fontana, Calif.-based California Steel Industries Inc. (CSI), also produces cold-rolled sheet, along with other flat-rolled products.

However, outsiders consider cold-rolled sheet a more critical part of UPI’s overall product mix.

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