US mills petitioned the government to impose antidumping and countervailing duties on Chinese stainless steel sheet and strip, according to documents filed Friday.
AK Steel, ATI Flat Rolled Products, North American Stainless and Outokumpu Stainless USA submitted petitions to the US Department of Commerce and the US International Trade Commission claiming that Chinese producers injured the domestic industry by selling unfairly low-priced material in the US.
The petitioners alleged antidumping margins of 53.69%-83.24% for Chinese producers and exporters, according to a release from Kelley Drye & Warren, the law firm representing the petitioners.
"Chinese producers have demonstrated their ability to increase rapidly exports to the United States of extremely low-priced [stainless sheet and strip] that undersells domestic producers by substantial margins. In light of the recent trends in pricing and volume of unfair imports, producers and exporters in China are likely to continue their low-priced, high-volume assault on the US market, absent
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