FACT SHEET
Final Determinations in the Antidumping Duty Investigations
on Certain Cold-Rolled Carbon Steel Flat Products from Argentina, Belgium,
Brazil, France, Germany, Korea, the Netherlands, New Zealand, the People's
Republic of China, the
Federation, South Africa, Spain, Taiwan, Turkey, and
Venezuela
Final Determinations in the Countervailing Duty Investigations
on Certain Cold-Rolled Carbon Steel Flat Products from Argentina, Brazil,
France, and Korea
On Tuesday, September 24th, the Department of Commerce (the Department)
announced its final determinations in the above-noted antidumping (AD)
and countervailing duty (CVD) investigations on imports of cold rolled
steel.
The International Trade Commission (ITC) is scheduled to make its final
injury determinations in these investigations on November 7th. If the
ITC should make negative determinations, the investigations will be terminated,
and no duties will be imposed. However, if the ITC makes affirmative determinations,
then the Department will instruct the U.S. Customs Service to collect
duties.
Section 201/ Safeguard Remedy
Imports of cold-rolled steel from some of these countries are also subject
to an initial tariff of 30 percent under the President's remedy under
Section 201. Excluded from 201 relief on the basis of their developing
country status are: Argentina, Brazil, South Africa, Turkey, and Venezuela.
If these investigations go to order, then any subsequent AD and/or CVD
duties would be imposed in addition to the tariffs imposed under Section
201.
Petitioners
The petitions in these cases were filed by Bethlehem Steel Corporation,
National Steel Corporation, Nucor Corporation, Steel Dynamics, Inc., United
States Steel Corporation, WCI Steel, Inc., and Weirton Steel Corporation,
and LTV Steel Company, Inc. Weirton Steel Corporation is not a petitioner
in the investigation on imports from the Netherlands. LTV is no longer
an active petitioner in these investigations, as it liquidated its assets
due to bankruptcy.
Previous Investigations
In 1999-2000, the Department conducted AD investigations on imports of
cold-rolled steel from a number of the countries included in these investigations.
At that time, the ITC made a final determination that the domestic industry
was not materially injured, or threatened with material injury as a result
of the imports then under investigation, and the investigations were terminated.
In July 2002, AD investigations on imports of cold-rolled steel from
Australia, India, Japan, Sweden, and Thailand were terminated when the
ITC found that the domestic industry was not injured or threatened with
injury as a result of these imports.
Suspension Agreement on Imports from Russia
We signed an agreement with Russian cold rolled steel producers suspending
the AD investigation. This is the first such agreement since Russia was
graduated to market-economy status. The terms of the agreement require
Russian producers to sell cold-rolled steel above a "normal value,"
constructed using Russian producers' costs. In addition, the Agreement
includes a provision that would allow the Department to recognize that
certain prices may be distorted in the Russian economy and make adjustments
accordingly. On September 24, the Russian steel producers requested that
the Department continue the investigation. If the ITC makes a negative
injury determination, the investigation, and the suspension agreement,
would be terminated.
Critical Circumstances:
Petitioners alleged that critical circumstances exist with regard to imports
from Argentina, the Netherlands, the People's Republic of China (PRC),
the Russian Federation, South Africa, South Korea, and Taiwan. We found
that critical circumstances did exist for imports from the Netherlands,
the PRC, South Korea (with the exception of imports from Dongbu Steel
Co.) and the Russian Federation, while critical circumstances do not exist
for imports from Argentina, South Africa, and Taiwan. If the Department
and the ITC make final affirmative determinations that critical circumstances
do exist with regard to imports of cold rolled steel from the PRC and
Russia, countervailing and antidumping duties may be assessed retroactively
on goods imported up to 90 days prior to the publication of the Department's
preliminary determinations.
Case Calendar:
Event
|
Countervailing Duty Investigations |
Antidumping Duty Investigations |
Petitions Filed |
Sept 28, 2001 |
Sept 28, 2001 |
Initiation Deadline |
Oct 18, 2001 |
Oct 18, 2001 |
ITC Prelim |
Nov 13, 2001 |
Nov 13, 2001 |
DOC Prelim |
Feb 25, 2002 |
April 26, 2002 |
DOC Final |
Sept 23, 2002 |
Sept 23, 2002 |
ITC Final |
Nov 7, 2002 |
Nov 7, 2002 |
Publication of Order * |
Nov 14, 2002 |
Nov 14, 2002 |
*This will take place only in the event of final
affirmative determinations by both the Department and the ITC .
Final Dumping Margins:
Country |
Company |
Final Margins |
ARGENTINA |
Siderar S.A.I.C. |
27.18% |
|
All Others |
27.18% |
BELGIUM |
Sidmar |
�N.V. |
|
All Others |
11.56% |
BRAZIL |
Usinas Siderurgicas de Minas Gerais and Companhia
Siderurgica Paulista (USIMINAS/COSIPA) |
33.88% |
(effective net margin will be 30.53% |
�after adjusting for CVD rate) |
|
|
All Others |
33.38% |
FRANCE |
Usinor Group (Usinor)
|
11.59% |
|
All Others |
11.59% |
GERMANY |
Thyssen Krupp Stahl AG |
12.56% |
|
All Others |
12.56% |
KOREA |
Dongbu Steel Co. |
�Ltd. |
|
Pohang Iron and Steel Co (POSCO)* |
5.15% |
|
All Others* |
8.90% |
THE NETHERLANDS |
Corus Staal BV* |
6.28% |
|
All Others* |
6.28% |
NEW ZEALAND |
BHP New Zealand Steel Ltd. (NZS) |
21.72% |
|
All Others |
21.72% |
PRC |
Pangang Group International Economic & Trading
Corp.* |
105.35% |
|
China-Wide Rate* |
105.35% |
THE RUSSIAN FEDERATION |
Russia-Wide Rate* |
137.33% |
SOUTH AFRICA |
Iscor Limited |
41.90% |
|
All Others |
41.90% |
SPAIN |
Laminacion y Derivados S.A. (Layde) |
46.20% |
|
All Others |
46.20% |
TAIWAN |
China Steel Corp./Yieh Loong |
4.02% |
|
Kao Hsing Chang Iron & Steel |
16.80% |
|
Ton Yi Industrial |
16.80% |
|
All Others |
4.02% |
TURKEY |
Borcelik Celik Sanayii ve Ticaret A.S. |
4.32% |
|
All Others |
4.32% |
VENEZUELA |
Siderurgica del Orinoco C.A.'s ("Sidor") |
58.95% |
|
All Others |
53.90% |
*Note: The Department has found that critical circumstances
exist with respect to imports from these entities. If the ITC also finds
that critical circumstances exist for these entities, duties will be imposed
retroactively.
Final Countervailable Subsidy Rates:
Country |
Company |
Final Subsidy Rate |
ARGENTINA |
Siderar S.A.I.C. |
0.87%
(de minimis) |
|
All Others |
0.00% |
BRAZIL |
Usminas/COSIPA |
13.99% |
|
CSN |
7.99% |
|
All Others |
13.07% |
France |
Usinor |
1.32% |
|
All Others |
1.32% |
Korea |
Dongbu
|
1.09%
|
|
Hysco |
0.35% (de minimis) |
|
POSCO |
0.76% (de minimis) |
|
Union |
3.43% |
|
All Others |
1.09% |
Import Statistics: Volume and Value
Imports from all countries investigated (including Australia, India,
Japan, Sweden, and Thailand) were valued at almost $904 million dollars
in 2000. By volume, these imports accounted for about 70.92% of all
cold-rolled steel imports, with an import penetration of 13.64%.
Import Value In U.S. Dollars
Country
|
1999
|
2000
|
2001
|
�Argentina |
$36,947,523
|
$32,684,433
|
$35,189,270
|
�Australia |
$2,653,613
|
$22,409,377
|
$15,476,656
|
�Belgium |
$93,844,706
|
$94,698,491
|
$53,421,101
|
�Brazil |
$87,288,663
|
$22,205,760
|
$61,157,848
|
�China |
$15,608,391
|
$15,914,250
|
$23,102,294
|
�France |
$79,176,404
|
$95,827,561
|
$59,808,284
|
�Germany |
$98,440,448
|
$116,823,701
|
$80,664,615
|
�India |
$57,038,007
|
$217,644,735
|
$918,000,000
|
�Japan |
$201,599,681 |
$144,331,624 |
$163,075,288 |
�Korea |
$48,839,957
|
$111,030,356 |
$182,037,862 |
�Netherlands |
$62,707,137
|
$64,769,944
|
$34,103,741
|
�New Zealand |
$7,603,966
|
$10,319,503
|
$6,284,353
|
�Russia |
$103,882,396 |
$87,489,178
|
$71,088,611
|
�South Africa |
$24,455,466
|
$8,770,700
|
$22,895,794
|
�Spain |
$7,979,581
|
$6,307,494
|
$6,132,109
|
�Sweden |
$37,525,312
|
$32,378,564
|
$28,699,284
|
�Taiwan |
$30,886,932
|
$9,984,012
|
$29,292,025
|
�Thailand |
$20,473,287
|
$3,508,007
|
$6,468,991
|
�Turkey |
$23,227,888
|
$13,931,597
|
$17,609,775
|
�Venezuela |
$15,711,456
|
$3,256,268
|
$13,863,772
|
TOTALS |
$998,909,845 |
$903,858,464 |
$911,107,591 |
Volume In Metric Tons
Country
|
1999
|
2000
|
2001
|
�Argentina |
119,540 |
83,705 |
125,877 |
�Australia |
3,930 |
62,598 |
48,669 |
�Belgium |
276,032 |
233,015 |
154,528 |
�Brazil |
283,185 |
50,882 |
195,141 |
�China |
50,490 |
41,789 |
84,303 |
�France |
152,544 |
164,137 |
117,103 |
�Germany |
127,954 |
159,236 |
100,871 |
�India |
136 |
17,198 |
1,377 |
�Japan |
401,105 |
243,669 |
356,997 |
�Korea |
138,870 |
278,651 |
550,502 |
�Netherlands |
176,633 |
168,900 |
102,258 |
�New Zealand |
24,877 |
26,679 |
21,024 |
�Russia |
380,233 |
238,354 |
268,884 |
�South Africa |
77,542 |
24,874 |
80,940 |
�Spain |
19,583 |
14,827 |
16,673 |
�Sweden |
39,361 |
25,879 |
36,063 |
�Taiwan |
85,732 |
20,692 |
89,640 |
�Thailand |
66,656 |
8,836 |
21,973 |
�Turkey |
78,021 |
34,463 |
60,980 |
�Venezuela |
53,066 |
8,679 |
47,843 |
TOTALS |
2,555,490 |
1,907,063 |
2,481,646 |
|