The US Court of International Trade (CIT) has announced that it has declined US-based steel producers’ request to impose countervailing duty (CVD) on imports of certain hot rolled flat steel products from Turkey, supporting the view of the US International Trade Commission (USITC) that the subsidy rates for the mentioned imports are negligible and therefore no countervailing duty order would be issued on imports of these products from Turkey.
In August 2016, the US Department of Commerce (US DOC) calculated subsidy rates of 0.34 percent for Colakoglu Metalurji A.S. and Colakoglu Dis Ticaret A.S and 6.01 percent for Eregli Demir ve Celik Fabrikaları T.A.S and Iskenderun Demir ve Celik T.A.S. In September 2016, the ITC decided not to impose countervailing duty because of the negligibility of these subsidy rates.
Accordingly, in late 2016, the US-based companies appealed at the International Trade Court against the ITC’s decision. They also have the right to appeal against the court’s decision.