U.S. imposes duties after finding seven producers dumped steel plate

The U.S. Department of Commerce made a final finding that seven foreign producers dumped certain carbon and alloy steel cut-to-length plate in the U.S. market, allowing it to impose duties ranging from 3.62 percent to 148 percent, Commerce Secretary Wilbur Ross said on Thursday. The determinations of dumping, or selling a product below its fair price, apply to imports of CTL plate from Austria, Belgium, France, Germany, Italy, Japan, South Korea and Taiwan, Ross said. “A healthy steel industry is critical to our economy and manufacturing base, yet our steel industry today is under assault from foreign producers that dump and subsidize their exports,” Ross told the audience. Cut-to-length steel is used in a wide range of applications, including buildings and bridgework; agricultural, construction and mining equipment; machine parts and tooling; ships, rail cars, tankers and barges; and large-diameter pipe. On March 3, in a decision stemming from the same investigation, the U.S. International Trade Commission said it had made a final finding that U.S. industry was being harmed by the dumping and subsidization of imports of carbon and alloy steel CTL plate from China. That allows for the final imposition of duties by the Commerce Department on China’s producers and exporters of the plate.