May 19, 2011

New York (Platts)

US revokes tariffs on hot-rolled steel from Japan and Brazil

The US International Trade Commission on Thursday voted to lift tariffs on hot-rolled steel from Brazil and Japan.

Following a 4-2 vote of commissioners, the ITC said revoking the antidumping and countervailing duty orders for Japan and Brazil would not harm domestic steel producers.

However, in a unanimous 6-0 vote, the ITC decided not to suspend antidumping duty orders on hot-rolled steel imports from Russia, saying it could lead to material injury to domestic producers.

Kaoru Okamoto, chairman of the Japan Steel Information Center in
New York, said in a statement Thursday, "This determination confirms the consistent position of the Japanese steel industry that exports of hot-rolled products are of high value-added specialty products and are not likely to lead [to] continuation or recurrence of material injury to the US steel industry."

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