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Preliminary Antidumping Duties Announced On Stainless Steel Imports From Six Nations.

WASHINGTON, Oct. 28 /PRNewswire/ -- The Department of Commerce today announced preliminary antidumping duties on imports of stainless steel plate in coils from Belgium, Canada, Italy, South Africa, South Korea and Taiwan, according to a spokesman for the Specialty Steel Industry of North America (SSINA).

The preliminary antidumping duties range from 2.77% to 67.68%. For each country and producer, they are as follows:
 Belgium ALZ, N.V. 3.44%
 All others 3.44%

 Canada Atlas Stainless Steel, a division
 of Sammi Atlas, Inc. 15.35%
 All others 11.10%

 Italy Acciai Speciali Terni SpA 45.09%
 All others 39.69%

 South Korea Pohang Iron and Steel Company (POSCO) 2.77%
 All others 2.77%

 South Africa Columbus Stainless Steel Co., Ltd. 31.79%
 All others 31.79%

 Taiwan Yieh United Steel Corp. 67.68%
 All others 67.68%

The SSINA spokesman noted that these preliminary results confirm the petitioners' allegations that dumping of stainless steel plate in coils is pervasive and continuing. "We expect these margins to go higher after further investigation," he said.

"Importers will now have to post bonds to assure payment of the antidumping duties. We also plan to file 'critical circumstances' allegations soon with the Department of Commerce, which can result in retroactive assessment of duties as well," the spokesman said.

The department's investigation was initiated on March 31, 1998, when four U.S. producers of stainless steel plate in coils, the United Steelworkers of America (USWA), and two independent unions petitioned the U.S. government to look into charges of dumping and foreign government subsidization.

On September 1, 1998, the department announced preliminary countervailing duties on imports from Korea, Italy, Belgium and South Africa, confirming the petitioners' belief that these foreign governments unfairly subsidize stainless steel plate in coil producers. The countervailing duties range from 0.69% to 14.75%.

The department will announce final countervailing duties on November 11, 1998, and dumping duties on Monday, January 11 1999. All imports of stainless steel plate in coils from the targeted countries will be subject to the assessment and collection of antidumping and countervailing duties when final antidumping orders are published.

Armco Inc., J&L Specialty Steel, Inc. (See Note No. 1), located in Pittsburgh, PA, Bethlehem Lukens Plate, Coatesville, PA, and North American Stainless (See Note No. 2), Ghent, KY, the USWA , Butler Armco Independent Union, Butler, PA, and Zanesville Armco Independent organization, Inc., Zanesville, OH, comprise the petitioners.

The USWA represents 750,000 members in the United States and Canada employed in the primary and secondary metals industries. The USWA did not join the petitioners in the case against Canada.

The U.S. producers are members of the Specialty Steel Industry of North America, a Washington, D.C.-based trade association representing continental producers of stainless and alloy tool steels, electrical steels, super alloys, and other high technology metals.

David A. Hartquist, an international trade attorney with the Washington, D.C., law firm of Collier, Shannon, Rill & Scott, pllc, serves as counsel to SSINA and the petitioners.

Note No. 1: J&L Specialty Steel, Inc., is not a petitioner in the cases against Belgium.

Note No. 2: North American Stainless is not a petitioner in the antidumping case against Italy and not a petitioner in the CVD cases.
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Publication:PR Newswire
Date:Oct 28, 1998
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