U. S. Steel, USW and Wheeling-Nippon File Trade Cases on Imports of Corrosion-Resistant Steel
07 September 2024 - 4:45AM
Business Wire
On September 5, 2024, U. S. Steel, along with the United
Steelworkers union (“USW”) and Wheeling-Nippon, has filed
antidumping and countervailing duty petitions with the United
States Department of Commerce (“DOC”) and the United States
International Trade Commission (“ITC”), on imports of
corrosion-resistant steel (“CORE”) from Australia, Brazil, Canada1,
Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab
Emirates, and Vietnam.
Duane D. Holloway, Senior Vice President, General Counsel and
Chief Ethics & Compliance Officer of U. S. Steel, commented,
“As we have for decades, U. S. Steel continues to lead the domestic
industry in the fight against unfair trade on behalf of our
workers, families, communities, and customers we serve. These new
trade cases—the largest filed by U. S. Steel in nearly a
decade—will address low-priced and subsidized CORE imports that
continue to pour into the U.S. market. These cases aim to restore a
level playing field and support our investments in Big River
Steel’s new dual coating line and second mini-mill in Arkansas, as
well as U. S. Steel’s CORE facilities across the country.”
Holloway added, “We also applaud Wheeling-Nippon’s decision to
be a petitioner in this trade case. Wheeling-Nippon is rising to
the occasion, standing up and fighting for its hardworking
steelworkers in West Virginia, alongside U. S. Steel and the
USW.”
DOC is expected to initiate these new cases and the ITC is
expected to hold a public preliminary staff conference this month.
The DOC and ITC final orders are not expected until October 2025.
The petitions can be accessed online at
https://ids.usitc.gov/case/8223/investigation/8631.
About U. S. Steel
Founded in 1901, United States Steel Corporation is a leading
steel producer. With an unwavering focus on safety, the Company’s
customer-centric Best for All® strategy is advancing a more secure,
sustainable future for U. S. Steel and its stakeholders. With a
renewed emphasis on innovation, U. S. Steel serves the automotive,
construction, appliance, energy, containers, and packaging
industries with high value-added steel products such as U. S.
Steel’s proprietary XG3® advanced high-strength steel. The Company
also maintains competitively advantaged iron ore production and has
an annual raw steelmaking capability of 22.4 million net tons. U.
S. Steel is headquartered in Pittsburgh, Pennsylvania, with
world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
1 U. S. Steel, the USW, and Wheeling-Nippon take no position on
Canada.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240906953000/en/
U. S. Steel Media Relations T - (412) 433-1300 E -
media@uss.com
US Steel (NYSE:X)
Historical Stock Chart
From Dec 2024 to Dec 2024
US Steel (NYSE:X)
Historical Stock Chart
From Dec 2023 to Dec 2024