Steel Plates: Commerce Finds Industeel's Value Dip

The U.S. Department of Commerce concluded that Industeel Belgium S.A. sold certain carbon and alloy steel plates at a lower value than
Industeel
IndusteelImage Source: ArcelorMittal

Synopsis:

The U.S. Department of Commerce concluded that Industeel Belgium S.A. sold certain carbon and alloy steel plates at a lower value than the normal during the review period from May 1, 2021, to April 30, 2022, with a determined weighted-average dumping margin of 2.65%.

 

Article:

The U.S. Department of Commerce has finalized its evaluation regarding Industeel Belgium S.A.'s trade activities concerning specific carbon and alloy steel plates. During the period under review, from May 1, 2021, to April 30, 2022, Industeel Belgium S.A. was found to have sold these products below their normal value, resulting in a weighted-average dumping margin of 2.65%.

This determination follows the preliminary results published in the Federal Register on May 31, 2023, which initiated an administrative review of certain carbon and alloy steel cut-to-length plate from Belgium. Throughout the process, Commerce received inputs from Nucor Corporation, the petitioner, and a rebuttal brief from Industeel, contributing to the final decision reached on December 14, 2023.

The scope of the order pertains specifically to certain carbon and alloy steel plates originating from Belgium. The products covered under this order are thoroughly described in the documentation associated with the review.

In response to the administrative review conducted in accordance with the Tariff Act of 1930, Commerce concluded that Industeel Belgium S.A. demonstrated a weighted-average dumping margin of 2.65% during the specified period.

Conclusion:

The U.S. Department of Commerce has concluded that Industeel Belgium S.A. engaged in the sale of certain carbon and alloy steel plates below their normal value during the period from May 1, 2021, to April 30, 2022, as evidenced by a determined weighted-average dumping margin of 2.65%.

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