TARIFF FINDINGS
IN FAVOR OF STEELMAKERS
Dumping Duty
Imposed but Suspended
The findings
of the tariff commission was issued last Sept. 6, 2000. This was released
to the public on Sept. 18.
The salient
points of the ruling are as follows:
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There was material
injury to National Steel Corporation (NSC) and the injury was the
direct result of the dumping of billets from Russia. However, no findings
of material injury or causality was found on the other steelmakers, namely:
Cathay Pacific Steel Corp., Amalgamated Iron Works, SKK Steel Corporation,
and Milwaukee Industries Corp.
-
A dumping duty
ranging from 2.19% to 22.72% was imposed on 11 exporters. The 11 exporters
are Leman Commodities, Metal Traders Stahl Handel, Multi-Trade Enterprises
AG, SLAV-AG, Asia Industrial Co. Ltd., Balkan Steel Intl. Establishment,
Pacific Atlantic Resources, Balli Steel, Mitsui & Co., Duferco SA,
and Zapsib Met Kombinat. All others not covered are not subject to dumping
duty.
-
The product
coverage is for all like products-- meaning all billets regardless
of size, grade, and length.
-
The coverage of
the dumping duty is country-specific and exporter-specific meaning
an exporter that is covered by the dumping duty can still export from other
countries and not be subject to the dumping duty. Likewise, an exporter
not covered by the ruling can still export from the country covered.
-
The imposition
of the dumping duty is suspended until NSC resumes normal operations.
Normal operations being defined as operating at 50% capacity for
a reasonable period of time.
-
There is no
retroactive coverage on the imposition of the dumping duties.
-
The ruling is valid
for 5 years from its issuance but subject to review by the tariff commission.
If the commission determines that the anti-dumping duty is no longer necessary
or warranted, the secretary shall, upon its resommendation, issue a Department
Order immediately terminating the imposition of anti-dumping duty.
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