Press release
Steel Dynamics Applauds Unanimous Affirmative ITC Injury Vote in 14 Cases on Unfairly Traded Corrosion Resistant Steel Imports
FORT WAYNE, Ind., Sept. 26, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) applauds the International Trade Commission (ITC) on the unanimous
About this update from Steel Dynamics, Inc.
[{"type":"text","content":"FORT WAYNE, Ind., Sept. 26, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) applauds the International Trade Commission (ITC) on the unanimous affirmative final determination that imports of Corrosion-Resistant Steel (CORE) from ten countries injured the U.S. steel industry. This decision paves the way for the imposition of final duties in ten antidumping cases and four countervailing duty cases at rates determined by the Department of Commerce in August 2025 and publicly available on the ITC website, www.trade.gov/final-determinations-antidumping-and-countervailing-duty-investigations-corrosion-resistant-steel.\n\n \n \n \n \n \n \n\n \n\"In the first half of 2024, imports of CORE from these 10 countries surged nearly 60%, taking much needed market share from the U.S. steel industry and necessitating the filing of these cases in September 2024. On behalf of all of my Steel Dynamics teammates, I wish to thank the Department of Commerce and the International Trade Commission for their hard work in providing relief from unfair trade to this vital U.S. industry,\" said Barry T. Schneider, President and Chief Operating Officer.\nThe ten countries involved in the cases were Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, and Vietnam. Imports from these countries increased from 2.49 million tons in 2023 to 3.64 million tons in 2024. After preliminary duties were imposed in February 2025, they have declined to 1.28 million tons in the first eight months of 2025.\n\"Steel Dynamics has invested billions in our CORE business in the last several years, and we believe we are the largest producer of CORE, Galvalume, and painted steel in the United States. Restoring fair trade was necessary for the livelihood of our team members,\" concluded Schneider.\nAbout Steel Dynamics, Inc.\nSteel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company is also currently investing in aluminum opera...