US Will Not Impose Anti-Dumping Duties on Korean Tinplate Products
USITC Announces Termination of Anti-Dumping Investigation
Korean tinplate products exported to the United States have been exempted from the U.S. anti-dumping duties.
The U.S. International Trade Commission (USITC) announced on the 6th (local time) the termination of the anti-dumping investigation, stating that the pricing of tinplate from Korea, Canada, China, and Germany did not cause material injury to the U.S. industry.
In a press release, the USITC stated, "The Korean tinplate imports, which the Department of Commerce determined were sold in the U.S. at less than fair value, are negligible to the extent that they do not pose a problem," and "We have voted to terminate the anti-dumping duty investigation related to Korea." The USITC also found that tinplate imports from Canada, China, and Germany did not cause significant harm to the U.S. industry.
This U.S. anti-dumping investigation began in February last year when the U.S. industry petitioned for anti-dumping duties, alleging dumping of tinplate products from eight countries including Korea.
The U.S. Department of Commerce excluded Korea from the anti-dumping duty imposition in August last year. However, in the final determination last month, Korea was included. At that time, a 2.69% anti-dumping duty was imposed on Korea's TCC Steel.
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Meanwhile, the imposition of U.S. anti-dumping duties requires prior investigations by the U.S. Department of Commerce into unfair trade practices and by the USITC into whether domestic industry injury has occurred. Anti-dumping duties are finally enforced only when both agencies reach the same conclusion.
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