Pittsburgh-headquartered U.S. Steel applauded the Sept. 25 decision by the U.S. International Trade Commission (ITC) to impose antidumping and countervailing duty (AD/CVD) orders on U.S. imports of corrosion-resistant steel products (CORE) from 10 countries.
“Today’s vote underscores the U.S. government’s resolute stance in protecting American manufacturers and their workforce against the detrimental effects of unfair trade practices,” said U.S. Steel President and CEO David Burritt. “We are appreciative of the U.S. International Trade Commission and U.S. Department of Commerce for championing the cause of our industry and workers.”
Specifically, the ITC voted 3-0 against the nations of Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, and Vietnam, finding that they unfairly traded CORE imports amounting to $2.85 billion and 2.2 million metric tons of imports in 2023, materially injuring the domestic CORE industry and its workforce.
The decision follows the Commerce Department’s recent determination that CORE imports from all 10 countries were unfairly dumped and subsidized.
Consequently, importers are required to make cash deposits ranging from 6 percent to 421 percent of the import price on covered CORE.
A year ago, U.S. Steel — along with Nucor, Steel Dynamics, Wheeling-Nippon Steel, and the United Steelworkers (USW) — spearheaded the largest steel trade case in nearly a decade, saying CORE products are integral to its portfolio.
The AD/CVD orders not only provide American industries relief from unfairly traded imports, but also support U.S. Steel’s expansion initiatives, especially in the ramp up of its new CORE lines at Big River Steel Works, the company said.