Cleveland-Cliffs Applauds Department of Commerce’s Final Determinations on Antidumping and Countervailing Duties for Tin Mill Products
January 05 2024 - 4:00PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the
Department of Commerce’s Final Antidumping and Countervailing
Determinations on tin mill products from several trade partners
responsible for unfair trade. In January 2023, Cleveland-Cliffs and
the United Steelworkers jointly filed an antidumping and
countervailing duty trade case alleging that a surge of dumped and
subsidized tin mill product imports had materially injured
Cleveland-Cliffs’ Weirton operation and its USW workforce.
Today’s announcement by the Department of Commerce is the
culmination of a year-long investigation that ultimately produced
the concrete determination that Canada, Germany, Korea and China
are all guilty of dumping tin mill product in the U.S. market.
Together with the existing Section 232 tariffs and quotas, these
dumping calculations will provide a check against unfairly traded
products from all the major sources of tin mill imports.
In response to Friday’s announcement, Cleveland-Cliffs’
Chairman, President & CEO, Lourenco Goncalves, stated: “Today’s
announcement is yet further evidence that domestic companies and
workers in the domestic tin mill industry have been subject to
unfair, illegal trade practices. I wish to express appreciation to
the Department of Commerce for its diligent investigation.
Cleveland-Cliffs will continue to work closely with the USW to
advocate for an affirmative final injury determination by the
International Trade Commission, which will allow us to correct the
rampant unfair trade in the tin mill products industry.”
Mr. Goncalves concluded: “With the heightened levels of both
geopolitical uncertainty and supply chain disruptions in the world,
we continue to expect disturbances in international trade. Today’s
outcome should put importers on notice that the United States will
not tolerate unfair trade that harms employers, workers and
communities.”
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in
North America. Founded in 1847 as a mine operator, Cliffs also is
the largest manufacturer of iron ore pellets in North America. The
Company is vertically integrated from mined raw materials, direct
reduced iron, and ferrous scrap to primary steelmaking and
downstream finishing, stamping, tooling, and tubing.
Cleveland-Cliffs is the largest supplier of steel to the automotive
industry in North America and serves a diverse range of other
markets due to its comprehensive offering of flat-rolled steel
products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs
employs approximately 27,000 people across its operations in the
United States and Canada.
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