Thursday, January 7, 2010

US Steel Adds to its Complaint Against Chinese Steel Imports

(Malia Spencer — Pittsburgh Business Times)

In another federal petition, U.S. Steel Corp. (NYSE:X) said Thursday that it wants duties placed retroactively on seamless standard, line and pressure pipe that is imported from China if a federal trade commission finds that the Asian nation is dumping the product into the American market.

The Downtown Pittsburgh-based steelmaker — along with TMK IPSCO, a Downers Grove, Ill., manufacturer; V&M Star LP, a Houston manufacturer; and two labor groups — filed a complaint in September with the U.S. International Trade Commission over Chinese-made steel pipes imported during 2008. The pipe, which is not welded, and up to 16 inches in outside diameter, is used to move liquids and gases and can be found in plumbing and heating systems or industrial piping systems. […]

During this investigation US Steel has opted to ask that if any duties are implemented, they be retroactive 90 days from the date of the determination, the company said. Normally, duties would be assessed from date of the determination forward.

The Department of Commerce is expected to make a preliminary determination around Feb. 16. Read more here.