U.S. ANNOUNCES INVESTIGATION OF IMPORTS OF HRC PRODUCTS FROM BRAZIL (CSN AND USIMINAS)

The Department of Commerce announced affirmative preliminary determinations in the countervailing duty (CVD) investigation of imports of hot-rolled steel flat products from Brazil yesterday. It also announced negative preliminary determinations in the investigations of imports of hot-rolled steel flat products from the South Korea, and Turkey.

Countervailable subsidies are financial assistance from foreign governments that benefit the production of goods from foreign companies.

In the Brazil investigation, Commerce preliminarily determined that mandatory respondents Companhia Nacional Siderurgica (CSN) and Usinas Siderurgicas de Minas Gerais SA (Usiminas) both received a subsidy rate of 7.42%. All other producers/exporters in Brazil were assigned a preliminary subsidy rate of 7.42%.