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Metal Dynamics (NASDAQ:STLD) stated Thursday it has petitioned the U.S. Commerce Division and the U.S. Worldwide Commerce Fee to use anti-dumping duties on imports of corrosion resistant flat-rolled metal, claiming surging imports have harmed the home metal business.
The corporate stated duties needs to be relevant to imports from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates and Vietnam, in addition to countervailing duties in opposition to imports from Brazil, Canada, Mexico and Vietnam.
Imports of corrosion resistant flat-rolled metal from the ten topic nations surged to just about 2M tons on this yr’s H1 from lower than 1.25M tons a yr earlier, impacting the U.S. metal business’s quantity, costs and income, in response to the corporate.
Topic to initiation, Metal Dynamics (STLD) stated it hopes for preliminary determinations on subsidies later this yr and on dumping early subsequent yr, with closing rulings by each businesses accomplished by October 2025.
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