U. S. Steel Issues Statement on Department of Commerce Circumvention Ruling
December 06 2017 - 9:48AM
Today, United States Steel Corporation (NYSE:X) issued the
following statement in response to the Department of Commerce's
preliminary ruling on circumvention petitions filed by American
steel producers in September 2016. The preliminary found that
imports of Chinese steel that is finished in Vietnam are covered by
U.S. antidumping and countervailing duty orders on imports from
China.
As a result of DOC’s preliminary decision, U.S. importers of
cold-rolled and galvanized steel from Vietnam must make cash
deposits equal to the applicable duties. DOC’s final decision could
be as early as February 2018.
The company’s statement follows:
“The Commerce Department’s finding of circumvention represents a
critical step to shutting down one of the many paths used to flood
the U.S. with dumped and subsidized steel. This decision presents
an encouraging sign for the steel industry and should put other
countries and companies on notice that their cheating will no
longer be tolerated. We urge Secretary Ross and
President Trump to continue to aggressively crack down on unfairly
traded steel imports, including immediate and broad action in the
Section 232 investigation on steel imports and national security.”
-oOo-
CONTACT: Meghan CoxManagerCorporate CommunicationsT
– (412) 433-6777E – mmcox@uss.com
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