AK Steel filed antidumping duty petitions Monday charging that unfairly low-priced imports of non-oriented electrical steel (NOES) from six countries are causing material injury to the company.
AK Steel also filed countervailing duty petitions alleging that NOES producers in China, Korea and Taiwan have been heavily subsidized by their respective governments. The petitions were filed with the US Department of Commerce and the US International Trade Commission (ITC). The dumping margins alleged against the six countries are as follows:
China: 238 to 397 percent
Germany: 70 to 87 percent
Japan: 88 to 221 percent
Korea: 6 to 71 percent
Sweden: 62 to 125 percent
Taiwan: 51 to 106 percent
Imports from the six targeted countries accounted for 92 percent of US imports of NOES from all countries in 2012.
The Commerce Department will determine whether to initiate the antidumping and countervailing duty investigations within 20 days, and the ITC will reach a preliminary determination of material injury or threat of material injury within 45 days. The entire investigation will take approximately one year, with final determinations of dumping, subsidization and injury to be made in the fall of 2014. Preliminary duties, however, may be imposed during the first quarter of 2014 and remain in effect until final determinations are issued.