US sets final food can steel dumping duties on China, Canada, Germany, Korea (updated)

KG DongbuSteel

05/01/2024 15:52

(Adds details on final dumping duty rates, details on
investigation, paragraphs 3-9)
    By Doina Chiacu and David Lawder
       WASHINGTON, Jan 5 (Reuters) - The U.S. Commerce
Department said on Friday it found that imports of tin mill
products from Canada, China, Germany, and South Korea are being
dumped onto the U.S. market and imports of tin mill products
from China are also being subsidized.
    The department also found that imports of tin mill products
- a shiny silver metal widely used in cans for food, paint,
aerosol products and other containers - from the Netherlands,
Taiwan, Turkey, and the United Kingdom are not being dumped, it
said in a statement.
    The final duties are largely in line with the Commerce
Department's preliminary anti-dumping duties on the tin-plated
steel imports from Canada, Germany and China imposed in August.
With the exception of China, they are far lower than the
double-digit and triple-digit duties initially sought by U.S.
steelmaker Cleveland-Cliffs  CLF.N  and the United Steelworkers
union in their petition for a Commerce investigation filed a
year ago.
    The department said on Friday that the highest final
anti-dumping duties of 122.5% will be imposed on tin mill steel
imported from China. It also imposed countervailing anti-subsidy
duties of 650% on tin mill products from top China producer 
Baoshan Iron and Steel Co Ltd  60019.SS  and 331.9% on all other
Chinese steelmakers.
    Germany's ThyssenKrupp Rasselstein  TKAG.DE  and other
German producers were slapped with final anti-dumping duties of
6.88%, while Canada's ArcelorMittal Dofasco and other Canadian
producers were hit with final anti-dumping duties of 5.27%
    Commerce imposed a final anti-dumping duty rate of 2.69%
against South Korea's KG Dongbu Steel  016380.KS  after
initially receiving no anti-dumping duties.
    The department upheld its earlier findings that tin-plate
steel from the Netherlands, Taiwan, Turkey and Britain were not
dumped. The U.S. produces less than half of the tin mill steel
it consumes, making the packaging industry reliant on imported
steel.            
    "These findings demonstrate that Commerce took a careful and
nuanced approach based on the particular circumstances presented
by each company and the governing provisions of U.S. law," the
department said in a statement.
    For the duties to remain in place, the U.S. International
Trade Commission must determine that American producers have
sustained material injury due to the dumping findings. That vote
is expected in the coming weeks.

 (Reporting by Doina Chiacu; editing by Rami Ayyub and Jonathan
Oatis)
 ((doina.chiacu@thomsonreuters.com; 202-898-8322;))