USA imposes 22.9% punitive tariffs on steel from German manufacturer SALZGITTER

Germany's steel group SALZGITTER has confirmed that the US has imposed a 22.9% punitive import tariff on its heavy plate steel plates.

SALZGITTER, the second largest German steelmaker, said it was forced to pay penalty tariffs as a result of anti-dumping procedures imposed by the US Department of Commerce against it and a number of other foreign companies: “Since March 30, we have punitive tariffs of 22.9 percent imposed on plate imports, a company spokesman said on Monday. The charges are not retroactive, he stressed. The company reaffirmed its strong opposition to the allegations. ”

The commission, set up by the American authorities, will separately report on the damage allegedly caused by the dumping on May 15. SALZGITTER allegedly sold the product for less than the production price.

During the anti-dumping investigation period, exports of SALZGITTER heavy boards to the United States were mainly supplied to their factories in the United States, and are sold in small quantities by other American companies, totaling 200,000 tons. SALZGITTER denied accusations by the United States, in which they asserted that US business accounted for 6% of total sales.