Duties Imposed on Japan Tin Exports
WASHINGTON (AP) _ The International Trade Commission imposed duties of up to 95.29 percent Wednesday on Japanese exports of tin plate, the kind of steel used to make beer cans.
The punitive duty represents the amount the Commerce Department determined was the difference between the price Japanese exporters were charging customers in the United States and the price they were charging in Japan for the same type of steel.
The Japanese steel industry issued a statement expressing bewilderment that the ITC, a U.S. government body, was not convinced by testimony from steel buyers, who said imports of the Japanese steel did not influence prices in the United States.
``We are puzzled and disappointed that in the face of such overwhelming evidence, the ITC elected to restrict imports,″ said Hidenori Tazawa, chairman of the Japan Steel Information Center.
Weirton Steel Corp., which filed the trade case along with the Independent Steelworkers Union and the United Steel Workers of America, praised the ITC’s action, which is expected to result in drastic reductions in the amount of Japanese tin plate entering the U.S. steel market.
``This is not just a victory for Weirton and steel workers in the upper Ohio Valley but for all U.S. tin producers and the communities in which they operate,″ said James Riederer, Weirton Steel’s chief executive officer.
``I can’t tell you how relieved we all are by this ruling,″ said Mark Glyptis, president of the Independent Steelworkers Union.
The 95.29 percent tariffs will be imposed on imports from Nippon Steel Corp., Kawasaki Steel Corp., NKK Corp. and Toyo Kohan. The import tax on other Japanese manufacturers will be 32.52 percent.
Tin plate refers to flat-rolled steel coated with tin. It is used mainly in aerosol, food and beer cans.
On the Net: U.S. International Trade Commission: http://www.usitc.gov/er/nl2000/ER0802x2.HTM
Japan Steel Information Center: http://www.jsic.org/