ANNUAL REPORT ARCELOR 2003 - paperJam

Cold-rolled flat products: In 2001, an anti-dumpingand anti-subsidy inquiry was conducted by the U.S.authorities against the importation of these productsoriginating in 20 countries: Argentina, Australia, Belgium,Brazil, China, France, Germany, India, Japan, Korea,Netherlands, New Zealand, Russia, South Africa, Spain,Sweden, Taiwan, Thailand, Turkey and Venezuela. TheITC finally decided that the U.S. steel industry had notsuffered any harm from these imports. It therefore endedthe inquiry. This decision was the subject of an appealfiled before the U.S. Court of International Trade (“CIT”)by certain U.S. steel producers. This appeal is stillpending. If the decision of the ITC is revoked, antidumpingduties will be imposed on imports of cold-rolledproducts from the countries listed above. Imports intothe U.S.A. from certain Arcelor subsidiaries could,therefore, be affected by new anti-dumping and antisubsidyduties.Long carbon steelsIn 2002, the DoC decided to impose anti-dumpingduties on the importation of certain long products originatingfrom Luxembourg, Germany and Spain.However, the ITC specified that the U.S. steel industryhad not suffered any harm from imports from thesecountries. Consequently, the anti-dumping inquiryopened in June 2001 was terminated. This decisionwas also appealed to the CIT by certain U.S. steelproducers. This appeal is still pending.If the decision of the ITC is revoked, anti-dumping dutieswill be imposed on the importation of certain carbonsteel long products from Luxembourg, Germany andSpain.Imports to the U.S.A. from certain Arcelor subsidiariescould, therefore, be affected by new anti-dumping andanti-subsidy duties.Stainless steelsCertain stainless steel products made by Arcelor aresubject to anti-dumping duties and anti-subsidy duties inthe United States. The products affected are as follows:> Stainless steel flat products originating from France:the anti-dumping duties are currently set at 2.93%. Theanti-subsidy duties were revoked by the DoC inNovember 2003 as being incompatible with the rules ofthe World Trade Organisation. Exports of flat stainlesssteel products have been exonerated from paying antisubsidyduties since that date.> Stainless steel long products originating from France:imports into the United States of stainless steel rod andwire originating from France are subject to anti-dumpingduties of 7.19%. The five-year review (sunset review) willtake place in 2005.> Stainless steel bars: in 2001, the DoC and the ITCopened an inquiry into the importation of stainlesssteel bars originating from France and Italy. The DoCcalculated a de minimis anti-dumping duty rate forimports from Italy (Trafilerie Bedini), meaning that noanti-dumping duty is assessed on the importation ofthese products into the United States. On the otherhand, the DoC assessed an anti-dumping duty rate of3.90% on imports from France (Ugine Savoie-Imphy).> Stainless steel heavy coils: imports originatingfrom Belgium are currently subject to an anti-dumpingduty of 3% and an anti-subsidy duty of 1.78%. However,a ruling by the CIT will reduce this rate to 0.97%in the near future. The five-year review procedure (sunsetreview) is scheduled in 2004.126ANNUAL REPORT ARCELOR 2003