Agreement Suspending the Dumping Investigation on
Imports of Cold-Rolled Steel from the Russian Federation
10, 1999, the Department of Commerce and Ministry of Trade of the
Russian Federation initialed an agreement to suspend the ongoing
antidumping investigation regarding exports of cold-rolled steel
from the Russian Federation into the United States. This agreement
addresses concerns about the dumping of Russian cold-rolled steel
in the United States and ensures that there is no undercutting or
suppression of domestic prices, as required by U.S. law.
suspension agreement includes a quota and a price provision:
The suspension agreement establishes an initial quota for cold-rolled
per year (the same level established in the Comprehensive Agreement
on Certain Steel Products from the Russian Federation), with provisions
for modest growth and adjustments based on changes in U.S. domestic
The suspension agreement also establishes a minimum
price of $345 FOB for the primary product, at or above which Russian
steel must be sold in the United States.
Prior to concluding
these negotiations with the Government of the Russian Federation,
the Department will solicit and review comments from interested
parties, including U.S. domestic steelmakers.
Description. The merchandise subject to this
proposed suspension agreement is certain cold-rolled flat-rolled
carbon-quality steel products. The technical language describing
the scope of the initialed agreement is included in the preliminary
determination notice that was published in the Federal Register.
Based on a petition filed by U.S. domestic steel producers and
workers' unions, on June 21, 1999, the Commerce Department initiated
an antidumping investigation on imports of cold-rolled steel from
Russia. On July 16, 1999, the United States International Trade
Commission made a preliminary finding of threat of material injury
with respect to imports of this product from the Russian Federation.
On November 2, 1999, the Commerce Department announced its affirmative
preliminary determination, finding dumping margins of 177.59
percent. Currently, the final determination is scheduled for January