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US to Impose Antidumping Duties on S. Korean Corrosion-resistant Steel
02/06/2016 12:00
The United States has decided to impose antidumping duties of up to 48 percent on imports of corrosion-resistant steel from South Korea and up to 451 percent on such imports from China.
According to a metals-related media site, Metal Miner, on Wednesday, the U.S. Department of Commerce decided to slap tariffs on imports of corrosion-resistant steel from South Korea, China, India, Italy and Taiwan.
With the decision, South Korea will face antidumping duties of eight-point-seven to 48 percent. The figures are higher than the maximum of three-and-a-half percent in import tariffs mentioned during a preliminary ruling.
The Department of Commerce launched a probe a year ago after U.S. steelmakers raised allegations that South Korea and China, among other countries, illegally dumped corrosion-resistant steel in the U.S.
According to a metals-related media site, Metal Miner, on Wednesday, the U.S. Department of Commerce decided to slap tariffs on imports of corrosion-resistant steel from South Korea, China, India, Italy and Taiwan.
With the decision, South Korea will face antidumping duties of eight-point-seven to 48 percent. The figures are higher than the maximum of three-and-a-half percent in import tariffs mentioned during a preliminary ruling.
The Department of Commerce launched a probe a year ago after U.S. steelmakers raised allegations that South Korea and China, among other countries, illegally dumped corrosion-resistant steel in the U.S.
Source: KBS
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