Steel Dynamics Applauded Affirmative ITC Vote on Unfair Corrosion Resistant Steel Imports

The ten countries which were part of the cases were Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, and Vietnam.

SEATTLE (Scrap Monster): Steel Dynamics, Inc. praised the International Trade Commission's (ITC) unanimously affirmative final ruling that the U.S. steel industry was harmed by imports of corrosion-resistant steel (CORE) from ten nations. This means that final duties in four cases involving countervailing duties and 10 cases involving antidumping will now take effect.

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Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and Vietnam were among the ten nations that were involved in the cases. According to official data, imports from these nations increased dramatically between 2023 and 2024, from 2.49 million tons to 3.64 million tons. However, with the implementation of preliminary levies in February of this year, imports saw a decrease to 1.28 million tons between January and August of 25.

According to Barry T. Schneider, President and Chief Operating Officer of Steel Dynamics, Inc., the cases had to be filed in early September of last year due to the significant increase in CORE imports from the aforementioned nations. 'The company has invested billions in its CORE business over the past several years, and the restoration of fair trade was essential for the livelihood of its team members,' he said. Lastly, he expressed gratitude to the International Trade Commission and the Department of Commerce for their diligent efforts.