US may cancel AD duties on HRC imports from Japan
13 Dec 2019 14:12 reported by Joy Liu
According to the preliminary investigation by the US Department of Commerce (USDOC), the anti-dumping duties on certain hot-rolled coils (HRC) from Japan might be canceled since the USDOC found that Japanese companies under the investigation, such as Nippon Steel and Tokyo Steel, didn’t sell their products with prices lower than fair value during the period of review in 2017.
Therefore, the initial dumping margin for the Japanese producers and exporters was set at zero, which will be lower than the current final rate at 2.06%-7.64% set in June 2019 if the initial rate was finalized.
In the meantime, the USDOC found that Turkish Colakoglu had sales of HRC at prices under normal value in the US market during the period from October 1st, 2017 to September 30th, 2018.
The preliminary weighted-average dumping margin for Colakoglu and other Turkish HRC producers was set at 2.55%, higher than the existing zero tariffs set in June 2019. On the other hand, Turkish Erdemir Group was found no shipments during the period of review.
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