The US Department of Commerce has lowered the cash deposit rates for antidumping (AD) duty levied on producers and exporters of steel cut-to-length (CTL) plates from three countries; Belgium, South Korea and Italy.
The final administrative decision notice released by the government body on Monday.
CTL plate producers and exporters from the three countries had exported lesser products to the US than the normal value in the period of review (POR) Nov14, 2016- Apr 30, 2018.
CTL plate imports from Belgium into the US were subjected to 5.4-51.78pc duties earlier. The final weighted-average dumping margins levied on Industeel and NLMK Clabecq steelmakers are now at 4.75pc and 16.14pc, respectively. Other CTL steel plate producers and exporters from Belgium will have to pay AD duty of 13.52pc.
CTL plate imports from Italy into the US were subjected to an AD duty of 6.08pc-22.19pc earlier. The revised weighted-average dumping duty on NLMK Verona and Officine Tecnosider at1.44pc and 1.63pc, respectively. Other producers and exporters were subjected to an AD duty of 1.57pc.
Exporters from South Korea, including POSCO, were assigned a final subsidy margin of 0.5pc. POSCO’s plate imports were earlier subjected to a countervailing duty of 3.72pc.