WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) today applauded the International Trade Commission’s (ITC) finding that the U.S. steel industry has been injured by corrosion-resistant steel imports from China, India, Italy, Korea, and Taiwan. This positive decision is good news for Ohio steel companies and will result in new antidumping and countervailing duty orders against the countries’ steel imports. Earlier this week, the ITC also determined that the U.S. steel industry had been injured by cold-rolled steel imports from China and Japan.
“The influx of unfairly traded steel from other countries has boarded up factories and laid off hundreds of Ohio steelworkers,” said Brown. “The best way to put Ohioans back to work is to crack down on countries who cheat our trade laws. Decisions like today’s are exactly what our steel industry needs to compete on a level playing field.”
The corrosion-resistant steel case is one of three related cases filed by U.S. steel companies, including: U.S. Steel, AK Steel, ArcelorMittal, and Nucor, all of which have Ohio locations and together employ more than 8,255 Ohioans. Brown testified in support of the companies at a hearing on these three cases last month.
Brown has worked to crack down on countries that unfairly import their products into the U.S. Last month, Brown called on the Administration to bring a World Trade Organization (WTO) case against China in an efforts to address steel overcapacity, which has hurt the domestic steel industry.
Brown’s legislation, the Leveling the Playing Field Act, introduced in March 2015 and signed into law in June 2015, has restored strength to antidumping (AD) and countervailing duty (CVD) statutes that allow businesses and workers in the United States to petition the Commerce Department and the ITC when foreign producers sell goods in the U.S. below market price or receive illegal subsidies. This legislation helped the companies succeed in today’s case.
The four companies with Ohio locations have a presence in the following areas: