US electrical steel producers welcome antidumping margins

30/09/2014 12:00 - 641 Views

US electrical steel producers are satisfied with the decision of the US Commerce Department to impose duties on imports of grain-oriented electrical steel (GOES) from the Czech Republic.

David A. Hartquist, counsel to the domestic steel industry, said: “We are pleased by the Commerce Department’s announcement that grain-oriented electrical steel from the Czech Republic is being dumped in the United States at significant margins. This announcement confirms the domestic industry’s belief that imports from the Czech Republic are competing unfairly in the U.S. market, and marks an important step in the domestic industry’s efforts to obtain relief from the injury caused by unfairly traded imports. The next event in the Czech Republic case will be a vote by the US International Trade Commission on October 23 as to whether the dumped imports have caused material injury to the US producers”.

The imports, used in power transformers, will face duties between 13 and 35 per cent after it was found that specialty steel was being sold too cheaply in the US, Metal Miner reports.

Over $9 million worth of the Czech steel was imported last year, according to Reuters.

Source: marketwatch