2025-02377NoticeWallet

U.S. eyes countervailing duties on subsidized Canadian rust-proof steel

Published Date: 2/10/2025

Notice

Summary

The U.S. Department of Commerce found that Canadian makers of certain corrosion-resistant steel got unfair government help last year. Because of this, extra taxes (called countervailing duties) might be added to their products to keep things fair for U.S. businesses. The final decision will line up with related trade checks, and everyone involved can share their thoughts before it’s set in stone.

Analyzed Economic Effects

3 provisions identified: 0 benefits, 3 costs, 0 mixed.

Immediate cash deposits on Canadian CORE imports

Starting February 10, 2025, U.S. Customs and Border Protection will suspend liquidation of covered corrosion-resistant steel (CORE) imports from Canada and require cash deposits equal to the preliminary countervailing duty rates. The preliminary ad valorem rates are: ArcelorMittal Dofasco/ArcelorMittal Canada group 1.21%, Stelco, Inc. 1.40%, All Others 1.22%, and Nova Steel 41.40%.

Punitive 41.40% rate for non-responsive exporter

Commerce preliminarily assigned Nova Steel a 41.40% countervailable subsidy rate because it did not timely respond to Commerce's quantity-and-value questionnaire and Commerce drew an adverse inference. That 41.40% rate will be used as the cash-deposit requirement for Nova Steel entries as of February 10, 2025.

Which Canadian steel products are covered

The investigation covers a wide set of corrosion-resistant flat-rolled steel products from Canada (coated or plated with zinc, aluminum, zinc-aluminum, nickel- or iron-based alloys), including coils with width 12.7 mm or greater and certain non-coil products defined by thickness and width (e.g., products under 4.75 mm thickness with width ≥12.7 mm and width at least 10× thickness; products ≥4.75 mm thickness with width >150 mm and width at least 2× thickness). The notice also lists specific Harmonized Tariff Schedule of the United States (HTSUS) subheadings associated with the covered products (for example: 7210.30.0030; 7210.30.0060; 7210.41.0000; 7210.49.0030; 7210.49.0040; 7212.30.1030; 7225.91.0000; and others).

Personalized for You

How does this regulation affect your finances?

Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Key Dates

Published Date
2/10/2025

Department and Agencies

Department
Independent Agency
Agency
Commerce Department
International Trade Administration
Source: View HTML

Related Federal Register Documents

Previous / Next Documents

Back to Federal Register