USA's HRC trade case goes beyond expectations to target seven nations

US steel mills have filed a trade case against imports of hot rolled coil (HRC) from Australia, Brazil, Japan, the Netherlands, South Korea, Turkey and the UK.

US domestic mills allege dumping margins of 99.2% by Australian suppliers, 21.8% for Brazil, 19.53-30.9% for Japan, 55.21-173.17% for the Netherlands, 86.96-158.93% for South Korea, 96.44-200.78% for Turkey and 50.63-161.75% for the UK. They also allege that Brazilian mills were the recipients of 33 subsidy programmes that could be subject to countervailing duties, with South Korea benefiting from 41 programmes and Turkey 17. HRC import volumes from the seven countries increased by 73.6% to 3.35 million short tons last year, from 1.93 million tons in 2012. This took market share from US mills and pushed down prices, the US mills said in documents filed with the country’s Commerce Department on Thursday August...

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This article was first published by AMM

August 11, 2015

17:35 GMT

Chicago