Cleveland-Cliffs and the United Steelworkers File Trade Cases On Unfairly Traded Tin Mill Products
January 18 2023 - 7:00AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it
has partnered with the United Steelworkers (USW) in filing
antidumping and countervailing duty petitions against eight
countries related to unfairly traded tin and chromium coated sheet
steel products (“tin mill products”). The petitions seek the
imposition of antidumping duties on U.S. imports of tin mill
products from Canada, China, Germany, the Netherlands, South Korea,
Taiwan, Turkey, and the United Kingdom. The petitions also seek the
imposition of countervailing duties on U.S. imports of tin mill
products from China.
Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and
Chief Executive Officer, stated, "The United States is still the
largest importer of steel in the world, despite being the most
environmentally friendly steel producing nation. As our filing
shows, there has been a significant surge in unfairly priced
tinplate imports flooding the United States over the past two
years, and we cannot let this persist. We welcome competition with
any and all imported steel as long as our U.S. trade laws are
respected, and we will use all the tools at our disposal to remedy
the situation.”
Tin mill products are used primarily for packaging applications,
particularly for canned food, among many others. Cleveland-Cliffs
produces tin mill products at its Weirton, West Virginia operating
facility and sells approximately 300,000 net tons per year,
approximately 2% of total Company steel sales volume. The Weirton
facility employs approximately 950 people, the majority of whom are
USW-represented.
The petitions present evidence that imports of tin mill products
from each subject country are being sold in the United States at
less than normal value and that imports of tin mill products from
China are benefiting from countervailable subsidies. The petitions
also show that dumped and subsidized imports from the subject
countries have taken sales from the domestic industry and made it
impossible to obtain a fair rate of return on domestic operations,
putting the future of American made tin mill products at risk.
The eight countries covered by the antidumping petitions and
their respective margins are as follows:
Country
Dumping Margins
Canada
78.29%
China
130.88%
Germany
43.64%
Netherlands
124.17% - 294.27%
South Korea
13.46% - 110.84%
Taiwan
47.22% - 60.12%
Turkey
96.51% - 106.43%
United Kingdom
110.81%
Census data indicates that, from 2019 to 2021, imports of tin
mill products from the subject countries increased by 21%.
Subsequently, imports from these subject countries, through
November 2022, increased by an additional 21%.
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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version on businesswire.com: https://www.businesswire.com/news/home/20230118005360/en/
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