AK Steel AKS said today that is has filed antidumping duty petitions charging that unfairly low-priced imports of non-oriented electrical steel ("NOES") from six countries are causing material injury to the company.
AK Steel also filed countervailing duty petitions alleging that NOES producers in China, Korea and Taiwan have been heavily subsidized by their respective governments. The petitions were filed with the U. S. Department of Commerce ("Commerce Department") and the U. S. International Trade Commission ("ITC"). The dumping margins alleged against the six countries are as follows:
Country
Dumping Margins Alleged
China
238 to 397 percent
Germany
70 to 87 percent
Japan
88 to 221 percent
Korea
6 to 71 percent
Sweden
62 to 125 percent
Taiwan
51 to 106 percent
Imports from the six targeted countries accounted for 92 percent of U.S. imports of NOES from all countries in 2012. The petitions allege that these imports have had an adverse impact on AK Steel's NOES operations and on AK Steel's workforce. Foreign producers in the targeted countries have massive and growing capacity to produce NOES, and they have been dumping their excess capacity into a grossly oversupplied U.S. market. This has adversely affected U.S. market prices for NOES and has resulted in
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