United States: In a recent development on Friday, the Imports of tin mill products from Canada, China, Germany, and South Korea are being dumped onto the US market, and imports of tin mill products from China are being subsidized, as reported by Reuters.
According to the government, imports of tin mill goods – a beautiful silver metal widely used in cans for food, paint, aerosol sprays, and other containers – from the Netherlands, Taiwan, Turkey, and the United Kingdom are not being dumped.
The final duties are generally consistent with the Commerce Department’s preliminary anti-dumping duties issued in August on tin-plated steel imports from Canada, Germany, and China.
Except for China, they are significantly lower than the double-digit and triple-digit duties requested by Cleveland-Cliffs (CLF.N) and the United Steelworkers union in their petition for a Commerce probe submitted a year ago.
Chinese Imports Face Highest Duties
The department announced on Friday that tin mill steel imported from China will face the highest final anti-dumping duty of 122.5%. It also levied anti-subsidy countervailing duties of 650% on tin mill goods from major Chinese manufacturer Baoshan Iron and Steel Co Ltd and 331.9% on all other Chinese steelmakers.
ThyssenKrupp Rasselstein (TKAG.DE) and other German manufacturers were charged with 6.88% final anti-dumping charges, while ArcelorMittal Dofasco and other Canadian producers were penalized with 5.27% final anti-dumping penalties.
The agency confirmed its previous judgments that tin-plate steel from the Netherlands, Taiwan, Turkey, and the United Kingdom had not been dumped. Because the United States manufactures less than half of the tin mill steel it consumes, the packaging industry is 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 US law,” the department said in a statement.
Vote on Duties
This vote is scheduled to take place in the following weeks, as reported by Reuters. To keep the duties in place, the US International Trade Commission must decide that American producers have suffered material harm as a result of the dumping determinations.
Earlier, the United States was planning to impose tariffs on tin mill steel from Canada, China, and Germany. The Commerce Department announced on August 17, Thursday, that they would impose provisional anti-dumping taxes on tin-plated steel imports from Canada, Germany, and China while exempting five other nations, providing some respite to food can producers who had feared heavier levies.