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FACT SHEET

Preliminary Determinations in the Antidumping Duty Investigations on Certain Cold-Rolled Carbon Steel Flat Products from Argentina, Australia, Belgium, Brazil, France, Germany, India, Japan, Korea, the Netherlands, New Zealand, the People's Republic of China, the Russian Federation, South Africa, Spain, Sweden, Taiwan, Thailand, Turkey, and Venezuela

On April 29, the Department of Commerce (the Department) announced its preliminary determinations in the antidumping duty (AD) investigations on imports of certain cold-rolled carbon steel flat products (cold-rolled steel) from the above-mentioned countries.

Background: On September 28, 2001, U.S. producers of cold-rolled steel filed petitions with the Department of Commerce requesting the initiation of AD and countervailing duty (CVD) investigations.  The Department will verify responses provided by responding companies, and will consider comments from interested parties on its preliminary determinations and verification report in making its final determinations.  If the Department makes final determinations that imports were made below fair value and/or were unfairly subsidized, and the International Trade Commission (ITC) makes final affirmative determinations that imports were materially injuring, or threatening to materially injure, the domestic industry, then the Department will instruct the Customs Service to collect antidumping and/or countervailing duties.

Final Determinations: The Department is currently scheduled to make its final determinations in the AD cases on Australia, France (AD and CVD), India, Japan, Korea (AD and CVD), Netherlands, the People=s Republic of China, the Russian Federation, Sweden, Spain, Thailand and Turkey no later than  July 10.   However, the final determinations in the AD and CVD cases on Argentina, Brazil, Belgium, Germany, New Zealand, South Africa, Taiwan, and Venezuela have been extended until approximately September 13. 

Petitioners:  Bethlehem Steel Corporation, LTV Steel Company, Inc., National Steel Corporation, Nucor Corporation, Steel Dynamics, Inc., United States Steel LLC., WCI Steel, Inc., and Weirton Steel Corporation.  National Steel Corporation is not a petitioner in the Japan case, and Weirton Steel Corporation is not a petitioner in the Netherlands case.  As of January 2002, LTV Steel Company, Inc. is no longer an active petitioner in these investigations.

Companion Countervailing Duty Cases: The Department is also conducting countervailing duty investigations on imports of cold rolled steel from Argentina, Brazil, France and Korea.  The Department made its preliminary determinations in these investigations on February 25.  We found that producers/exporters of certain cold-rolled carbon steel flat products from Brazil, France, and Korea have benefitted from countervailable subsidies.  However, the Department did not find that producers/exporters from Argentina benefitted from countervailable subsidies.  The final determinations in these investigations have been aligned with the AD investigations on imports from that country.


Tariffs imposed under Section 201: Imports of Cold-Rolled steel are subject to an initial tariff of 30 percent as part of the Section 201 relief, which would be cumulated with any AD and CVD duties imposed if both the Department and the ITC make affirmative final findings of dumping/unfair subsidization and injury. Excluded from 201 relief on the basis of their developing country status are: Argentina, Brazil, India, South Africa, Thailand, Turkey, and Venezuela.

Critical Circumstances: Petitioners alleged that critical circumstances exist with regard to imports from Argentina, Australia, India, the Netherlands, the People=s Republic of China, the Russian Federation, South Africa, South Korea, and Taiwan.  On April 10, the Department made preliminary determinations that critical circumstances do exist for imports from Australia, India, the Netherlands, the People=s Republic of China, and the Russian Federation.  With respect to imports from South Korea, the Department preliminarily determined that critical circumstances exist for imports produced or exported from Pohang Iron and Steel Co., Ltd. (POSCO) and all other Korean producers/exporters, but made a preliminary negative critical circumstances determination for imports produced or exported by Dongbu Steel Co., Ltd.   The Department has made a preliminary determination that critical circumstances do not exist with respect to imports from Argentina, South Africa, and Taiwan.   If the Department and the ITC make final affirmative determinations that critical circumstances do exist with regard to imports of cold rolled steel, countervailing and antidumping duties may be assessed retroactively on goods imported up to 90 days prior to the publication of the Department=s preliminary determinations.

Product Description: Cold-rolled steel is a higher-end steel product, and is a significant component of domestic production, with a myriad of applications, from capital goods (such as appliances and electronics) to automotive and aerospace applications.  For purposes of these investigations, the products covered are cold-rolled steel (cold-reduced) flat-rolled carbon-quality steel products.  For a full description of the scope of this investigation, as well as a complete discussion of all scope exclusion requests submitted in the context of the on-going cold-rolled steel investigations, please see the AScope Appendix@ attached to the Notice of Preliminary Determination of Sales at Less Than Fair Value: Certain Cold-Rolled Carbon Steel Flat Products from Argentina, issued April 26, 2002.                       

Case Calendar:

Event

Countervailing Duty Investigation

Antidumping

Investigation

Petition Filed

September 28, 2001

September 28, 2001

Initiation Date

October 18, 2001

October 18, 2001

ITC Prelim Determination

November 13, 2001

November 13, 2001

ITA Prelim Determination*

February 25, 2002

April 26, 2002

ITA Final Determination*

July 10,'02*/September 13, '02

July 10, '02*/September 13,'02

ITC Final Determination*

August 26,'02*/October 28, '02

August 26, '02*/October 28, '02

Publication of Order**

Sept. 2, '02*/November 4, '02

Sept. 2, '02*/November 4, '02

* These deadlines may be extended under the governing statute.

** This will take place only in the event of a final affirmative determination from the Department and the ITC.


Import Statistics: Volume and Value

Imports from the alleged countries were valued at almost $904 million dollars in 2000. By volume, these imports accounted for about 70.92% of all cold-rolled steel imports, with an import penetration of 13.64%.

Import Value In U.S. Dollars

   

COUNTRY

1999

2000

2001

 Argentina

$36,947,523

$32,684,433

$35,189,270

 Australia

$2,653,613

$22,409,377

 $15,476,656

 Belgium

$93,844,706

$94,698,491

 $53,421,101

 Brazil

$87,288,663

$22,205,760

$61,157,848

 China

$15,608,391

$15,914,250

 $23,102,294

 France

$79,176,404

$95,827,561

$59,808,284

 Germany

$98,440,448

$116,823,701

 $80,664,615

 India

$57,038

$7,217,644

 $735,918

 Japan

$201,599,681

$144,331,624

$163,075,288

 Korea

$48,839,957

$111,030,356

 $182,037,862

 Netherlands

$62,707,137

$64,769,944

 $34,103,741

 New Zealand

$7,603,966

$10,319,503

 $6,284,353

 Russia

$103,882,396

$87,489,178

 $71,088,611

 South Africa

$24,455,466

$8,770,700

 $22,895,794

 Spain

$7,979,581

$6,307,494

 $6,132,109

 Sweden

$37,525,312

$32,378,564

 $28,699,284

 Taiwan

$30,886,932

$9,984,012

 $29,292,025

 Thailand

$20,473,287

$3,508,007

 $6,468,991

 Turkey

$23,227,888

$13,931,597

 $17,609,775

 Venezuela

$15,711,456

$3,256,268

 $13,863,772

TOTALS

$998,909,845

$903,858,464

$911,107,591

       

Volume In Metric Tons

   

COUNTRY

1999

2000

2001

 Argentina

 119,540

 83,705

125,877

 Australia

 3,930

 62,598

 48,669

 Belgium

 276,032

 233,015

 154,528

 Brazil

 283,185

 50,882

 195,141

 China

 50,490

 41,789

 84,303

 France

 152,544

 164,137

 117,103

 Germany

 127,954

 159,236

 100,871

 India

 136

 17,198

 1,377

 Japan

 401,105

 243,669

 356,997

 Korea

 138,870

 278,651

 550,502

 Netherlands

 176,633

 168,900

 102,258

 New Zealand

 24,877

 26,679

 21,024

 Russia

 380,233

 238,354

 268,884

 South Africa

 77,542

 24,874

 80,940

 Spain

 19,583

 14,827

 16,673

 Sweden

 39,361

 25,879

 36,063

 Taiwan

 85,732

 20,692

 89,640

 Thailand

 66,656

 8,836

 21,973

 Turkey

 78,021

 34,463

 60,980

 Venezuela

 53,066

 8,679

 47,843

TOTALS

2,555,490

1,907,062

2,481,647

Preliminary Dumping Margins:

Country

Company

Margins

ARGENTINA**

Siderar S.A.I.C.

70.56%

 

All Others

70.56%

AUSTRALIA

Broken Hill Propriety Limited Steel (BHP JLA)

24.06%

 

All Others

24.06%

BELGIUM**

Sidmar, N.V.

11.66%

 

All Others

11.66%

BRAZIL**

Usinas Siderurgicas de Minas Gerais and Companhia Siderurgica Paulista (USIMINAS/COSIPA)

43.34%

 

All Others

43.34%

FRANCE

Usinor Group (Usinor)

1.97%*

GERMANY**

Thyssen Krupp Stahl AG

14.52%

 

All Others

14.52%

INDIA

Ispat Industries, Ltd.

153.65%

 

All Others

153.65%

JAPAN

Kawasaki Steel Corporation

115.22%

 

Nippon Steel Corporation

115.22%

 

All Others

112.56%

KOREA

Dongbu Steel Co., Ltd.

19.03%

 

Pohang Iron and Steel Co., Ltd. (POSCO)

5.25%

 

All Others

13.84%

THE NETHERLANDS

Corus Staal BV

6.38%

 

All Others

6.38%

NEW ZEALAND**

BHP New Zealand Steel Ltd. (NZS)

7.10%

 

All Others

7.10%

THE PEOPLE=S REPUBLIC OF CHINA

Pangang Group International Economic & Trading Corp.

129.85%

 

China-Wide Rate

129.85%

THE RUSSIAN FEDERATION

Russia-Wide Rate

137.33%

SOUTH AFRICA**

Iscor Limited.

43.32%

 

All Others

43.32%

SPAIN

Laminacion y Derivados S.A. (Layde)

46.20%

 

All Others

46.20%

SWEDEN

SSAB Svenskt Stal AB

40.54%

 

AB Sandvik Steel

40.54%

 

All Others

40.54%

TAIWAN**

China Steel Corp./Yieh Loong

3.15%

 

Kao Hsing Chang Iron & Steel

16.8%

 

Ton Yi Industrial

16.8%

 

All Others

3.15%

THAILAND

Thai Cold-Rolled Steel Sheet Public Co. Ltd.

142.78%

 

All Others

127.44%

TURKEY

Borcelik Celik Sanayii ve Ticaret A.S.

18.34%

 

All Others

18.34%

VENEZUELA**

Siderurgica del Orinoco C.A.'s ("Sidor")

72.81%

 

All Others

72.81%

     

*De Minimus

**The Final Determinations will be extended until September 13, 2002, which is 135 days from the preliminary determination.               


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