In a submission Tuesday to the US Department of Commerce (DOC), three US steel producers demanded the revocation of a proposed deal that would exempt Russian steel plate producers from import duties.
Nucor Corp, SSAB Enterprises LLC and Arcelor Mittal USA noted the influx of low-priced cut-to-length plate and claimed Russian producers may have breached the terms of the suspension agreement that defers AD duties.
"The suspension agreement and its normal value pricing mechanism have failed to function as originally intended, and instead have facilitated Russian producers' exports of large and increasing volumes of low-priced CTL plate to the US market," the companies said.
If the agreement is revoked, Russia-based Severstal would face anti-dumping duties of 53.81 percent; other producers and exporters would face duties of 185.00 percent, media sources reported. Already, US producers were able to convince the DOC to overturn the suspension agreement on HRC from Russia.