October 11, 2005

JAPANESE STEEL INDUSTRY WELCOMES
FINAL CONCLUSION TO 2002
COLD-ROLLED STEEL DUMPING CASE

New York - Japanese steelmakers are gratified that after many years of litigation and appeals by U.S. steelmakers to two different courts, that Japanese cold-rolled sheet has been found to be fairly traded, according to Hidenori Tazawa, Chairman, Japan Steel Information Center.

The International Trade Commission originally found "no injury" in a 2002 case and then U.S. steelmakers appealed to the Court of International Trade and the Court of Appeals. The last opportunity for appeal – to the U.S. Supreme Court – expired on October 5, 2005.

In its original decision, the ITC found that imposition of additional antidumping duties on top of Section 201 tariffs would have been in violation of the remedial nature of the antidumping statute.

"We hope that as a result of this experience U.S. steelmakers will refrain from seeking unjustified import restrictions in the future, Mr. Tazawa added.

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