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US sets dumping duties on steel from China, India, Italy, Korea
The US has set dumping duties on corrosion-resistant steel from China, India, Italy and South Korea, saying they were made with unfair government support, Reuters reports.
The preliminary decision from the Department of Commerce set duties of up to 255.8 per cent on imports from China including from Yieh Phui (China) Technomaterial Co Ltd.
Imports from India, including JSW Steel Ltd and Uttam Galva Steels Ltd, face duties of up to 6.92 per cent after a complaint by United States Steel Corporation, Nucor Corporation, ArcelorMittal USA [ARCMTR.UL] and AK Steel Corporation.
Most South Korean companies, including Hyundai Steel Company, had duties set at up to 3.51 percent and most Italian companies at 3.11 percent. The Department of Commerce decided against duties for goods from Taiwan.
The preliminary decision from the Department of Commerce set duties of up to 255.8 per cent on imports from China including from Yieh Phui (China) Technomaterial Co Ltd.
Imports from India, including JSW Steel Ltd and Uttam Galva Steels Ltd, face duties of up to 6.92 per cent after a complaint by United States Steel Corporation, Nucor Corporation, ArcelorMittal USA [ARCMTR.UL] and AK Steel Corporation.
Most South Korean companies, including Hyundai Steel Company, had duties set at up to 3.51 percent and most Italian companies at 3.11 percent. The Department of Commerce decided against duties for goods from Taiwan.
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