Outokumpu files antidumping and countervailing duty petitions in the US together with other stainless steel producers

Stainless steel producers charge in the antidumping duty petitions that unfairly traded imports of stainless steel sheet and strip from China are causing material injury to the American industry of stainless steel, as Chinese producers are selling their products in the American markets at prices less than their fair value, thereby significantly undercutting American market prices. The countervailing duty petition alleges that Chinese government has given significant subsidies to the Chinese stainless steel industry. The share of imports from China to the NAFTA region has been rising in the recent years.

Says Outokumpu’s Michael Williams, President and Head of Coil Americas: “We see this as a step forward in ensuring and promoting fair market practices and wish for a speedy resolution to this matter.”

Commerce Department and U.S. International Trade Commission will now begin their preliminary investigations which are expected to be finalized during the first quarter. The entire investigative process will take approximately one year, and it is expected to be ready in the first quarter of 2017.