Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US Department of Commerce (Commerce) has levied antidumping duties of up to 6.84pc on certain corrosion-resistant steel products from Taiwan.


The department levied these duties against Prosperity Tieh Enterprise, Sheng Yu Steel, Synn Industrial, and Yieh Phui Enterprise who are alleged to have dumped products—which have been classified under the Harmonized Tariff Schedule of the United States—into the US market. The companies will be required to pay cash deposits equal to the weighted-average dumping margins determined in the final review. 


Propserity Tieh will pay 3.48pc, Sheng Yu steel and Yieh Phui will pay 6.84pc, and Synn Industrial will pay 0.51pc, the order from Commerce indicated.


Commerce published the preliminary results of its review of the products exported by these three companies to the US in September after being petitioned by California Steel, Steel Dynamics, and AK Steel. 

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