日韩三级片 Applauds Unanimous U.S. International Trade Commission Affirmative Preliminary Vote in Tin Mill Products Trade Case

CLEVELAND--(BUSINESS WIRE)-- 日韩三级片 Inc. (NYSE: CLF) today applauded the U.S. International Trade Commission鈥檚 unanimous affirmative preliminary determination on all countries in response to antidumping and countervailing duty petitions on tin and chromium coated sheet steel products (鈥渢in mill products鈥) filed by 日韩三级片 and the United Steelworkers (鈥淯SW鈥). This affirmative preliminary determination relates to petitions seeking antidumping duties on U.S. imports of tin mill products from Canada, China, Germany, the Netherlands, South Korea, Taiwan, Turkey, and the United Kingdom. The petitions also seek the imposition of countervailing duties on U.S. imports of tin mill products from China.

Lourenco Goncalves, 日韩三级片' Chairman, President and Chief Executive Officer, stated, "Today鈥檚 affirmative vote by the U.S. International Trade Commission signals real progress on our joint effort with the USW to remedy surging imports of dumped and subsidized tin mill products in the U.S. market. 日韩三级片 is committed to this antidumping and countervailing duty action and we are optimistic that we will see continued progress in this case before both the U.S. Department of Commerce and the U.S. International Trade Commission. Today鈥檚 vote should give pause to those facilitating the import of dumped and subsidized tin mill products from the countries at issue in this case.鈥

The eight countries covered by the antidumping petitions and their respective alleged margins are as follows:

Country

Dumping Margins

Canada

79.59%

China

122.52%

Germany

70.15%

Netherlands

125.10 - 296.04%

South Korea

13.28 鈥 110.5%

Taiwan

46.76 - 59.61%

Turkey

87.73 - 97.21%

United Kingdom

111.92%

Census data indicates that the United States imported over 1.42 million short tons of tin mill products from the eight subject countries in 2022, an increase of 37.7 percent since 2019.

About 日韩三级片 Inc.

日韩三级片 is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. 日韩三级片 is the largest supplier of steel to the automotive industry in North America and serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, 日韩三级片 employs approximately 27,000 people across its operations in the United States and Canada.

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Source: 日韩三级片 Inc.