On Monday, the US Department of Commerce (DOC) announced that it has recalculated the dumping margins for a number of steel products from the European Union and Japan because the World Trade Organization (WTO) ruled that the DOC applied the unacceptable "zeroing" methodology in calculating the dumping margins during previous administrative reviews of the antidumping orders.
Accordingly, effective June 8, 2012, the dumping duty deposit rates for the following products will be revised as indicated:
(1) Stainless steel plate in coils from Belgium. The dumping duty deposit rate for Amperam Stainless Belgium N.V. will be 0.00 percent instead of 6.57 percent.
(2) Steel concrete reinforcing bars from Latvia. The dumping duty deposit rate for Joint Stock Company Liepajas Metalurgs will be 4.87 percent instead of 5.94 percent.
(3) Stainless steel wire rod from Spain. The dumping duty deposit rate for Roldan S.A. will be 0.00 percent instead of 0.80 percent.
(4) Stainless steel sheet and strip in coils from Japan. The dumping duty deposit rate for Nippon Kinzoku Co., Ltd. will be 0.00 percent instead of 0.54 percent.