ITC: Chinese stainless steel sheet harms U.S. industry

The U.S. International Trade Commission has determined that domestic manufacturers of stainless steel sheet and strip are harmed by imports of this product from China.    The U.S. International Trade Commission (ITC) has determined that domestic manufacturers of stainless steel sheet and strip are harmed by imports of this product from China.
   The Commerce Department also recently determined this product from China is subsidized and sold in the United States at less than fair value.
   As a result of the ITC’s affirmative determinations, Commerce will issue antidumping and countervailing duty orders on imports of this product from China.
   The ITC, however, said subsidized goods that entered the United States from China before July 18, 2016 will not be subject to retroactive countervailing duties, and goods sold at less than fair value that entered the United States before Sept. 19, 2016, will not be subject to retroactive antidumping duties (these dates are the dates of Commerce’s affirmative preliminary determinations).
   The petitioners for the Commerce and ITC antidumping and countervailing duty investigations include AK Steel Corp. of Ohio, Allegheny Ludlum (ATI Flat Rolled Products) of Pennsylvania, North American Stainless in Kentucky, and Outokumpu Stainless USA of Illinois.
   According to Commerce, imports of stainless steel sheet and strip from China in 2015 were valued at $302 million.