The US Department of Commerce (DOC) has recently announced the final results of the sunset reviews pertaining to the antidumping duty (AD) orders on certain cut-to-length carbon-quality steel plate originating from India, Indonesia, and South Korea. The DOC's findings indicate that revocation of the antidumping duty orders on the specified product from the mentioned countries would likely result in the continuation or recurrence of dumping.
After thorough evaluation, the DOC has determined the weighted-average dumping margins to be 42.39% for India, 52.42% for Indonesia, and 6.09% for South Korea. These figures shed light on the extent of the unfair trade practices in the steel plate market.
In a separate administrative review, the DOC has also released preliminary results regarding the antidumping duty order on carbon and alloy steel cut-to-length plate from Italy. The review covered the period from May 1, 2021, to April 30, 2022, during which Italian producer NLMK Verona was found to have engaged in sales of the subject products at prices lower than the normal value. Additionally, the DOC has rescinded the review for Officine Tecnosider s.r.l. due to the timely withdrawal of the request.
Based on the preliminary findings, the DOC has established a weighted-average dumping margin of 15.88% for NLMK Verona. These results underscore the significance of fair trade practices and the enforcement of antidumping measures.
The imposition of preliminary antidumping duties for Italy took effect from June 5, marking a step towards addressing the unfair trade practices and ensuring a level playing field in the steel industry.