US Imposes Anti-Dumping Duty on CRC from 5 Countries including India

On 21 Jul’16, US Department of Commerce (USDOC) announced imposition of anti-dumping and countervailing duty on imports of CRC (Cold Rolled Coil) from five countries including India, Russia, Brazil, Korea and United Kingdom.

The highest duty is imposed on imports from Korea followed by Brazil. The petition for the same was filed by the domestic producers in US in early July 2015.

The petitioner companies in this trade case are: ArcelorMittal USA LLC, United States Steel Corp., AK Steel Corp., Nucor Corp., and Steel Dynamics, Inc.

Country’s CRC imports for the year 2014 from the above five countries was valued at USD 514 million.

Although investigations for the case started last year, cheap imports continued to enter US resulting in extended layoffs and job losses of country’s industrial workers in iron and steel sector. The final announcement of anti-dumping duty will now lessen the worries of domestic CRC industry of US.

The country has already imposed anti-dumping duty on CRC imports from Japan and China in earlier this year.

According to the U.S. government’s determination, anti-dumping (AD) and countervailing (CVD) duties for cold-rolled steel exports by producers in each country are: