US Makes Preliminary Ruling Korean-Made Cold-Rolled Steel Pipes Face Up To 48% Anti-Dumping Duties From US

- Dec 05, 2017 -

The US preliminarily decided to impose up to 48.00% anti-dumping duties on Korean-made cold rolled steel pipes.  This decision was made as a follow-up step after the commencement of an investigation of products imported from five countries other than Korea on anti-dumping charges in May of this year. 


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The US Commerce Department preliminarily ruled that it would impose 5.10% up to 48.00% anti-dumping duties on Korean-made cold rolled steel pipes on November 16 (local time).

 

The US preliminarily decided to impose up to 48.00% anti-dumping duties on Korean-made cold rolled steel pipes. This decision was made as a follow-up step after the commencement of an investigation of products imported from five countries other than Korea on anti-dumping charges in May of this year. 


The US Commerce Department preliminarily ruled that it would impose 5.10% up to 48.00% anti-dumping duties on Korean-made cold rolled steel pipes on November 16 (local time). Apart from Korea, countries which became subject to tariffs in this preliminary ruling were Germany (75.39% to 209.06%), China (61.59% to 186.89%), Switzerland (34.15% to 68.59%), Italy (31.42% to 36.80%) and India (0.00% to 7.57%).


US authorities claimed that these products caused damage to the US industry as they were traded at unfair prices locally. Cold-rolled steel pipes are carbon alloy steel pipes rolled at room temperature and go into automobile and heavy equipment parts. 


Last year, Korea exported US$16.14 million worth of cold rolled steel pipes to the US. Korea ranked fourth after Canada, Germany and Japan in terms of cold rolled steel pipe exports to the US.


In May of this year, the US Department of Commerce launched an investigation of products imported from Korea, China, Germany and India among others on dumping charges. At that time, instituting US companies claimed that the US government should levy dumping margins of 12.00% to 48.00% on Korean-made products.


The US Department of Commerce will announce the final anti-dumping ruling on cold-rolled steel pipes exported from these countries on January 30 of next year. The final decision can be put off for 90 days. Then, if the US International Trade Commission (ITC) acknowledges damages to the US industry, tariffs will be imposed on related products. 

 

News from markets.businessinsider.com

Edit by Ms Enya Wang of KRM/BSW

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