*EPF410 05/03/01
USITC Says Dumped Stainless Steel Angle Hurt U.S. Industry
(Imports from Japan, Korea, Spain face antidumping duties) (250)

The U.S. International Trade Commission (USITC) has determined that U.S. producers of stainless steel angle have been hurt by imports of these products from Japan, Korea and Spain that are being "dumped" -- sold at less than fair value -- in the U.S. market.

As a result of the unanimous May 3 vote by the six USITC commissioners, the U.S. Department of Commerce will issued antidumping duty orders on U.S. imports of these products from those markets. The antidumping duties will offset the advantage of dumping.

This case was filed by Slater Steels Corporation (Specialty Alloys Division) and the United Steelworkers of America. The Commerce Department on March 19 announced its final determination that that dumping had occurred. At that time, Commerce also announced the imported steel angles' dumping margins -- the ratio showing by how much the fair value price exceeds the dumped price. The margins ranged from 70.48 to 114.51 percent for Japan, from 40.21 to 99.56 percent for Korea, and from 24.32 to 61.45 percent for Spain.

For antidumping duties to be imposed Commerce must to make a final determination that dumping occurred and the USITC must determine that the U.S. industry has been injured or threatened by the dumping.

(The Washington File is a product of the Office of International Information Programs, U.S. Department of State. Website: http://usinfo.state.gov)
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