U.S. sets preliminary dumping duties on corrosion-resistant steel

KG DongbuSteel

23/12/2015 14:53

Dec 23 (Reuters) - The United States on Wednesday set 
preliminary dumping duties on corrosion-resistant steel products 
from China, India, Italy and South Korea, saying they were made 
with unfair government support. 
    The preliminary decision from the Department of Commerce set 
duties of up to 255.8 percent on imports from China including 
from Yieh Phui (China) Technomaterial Co Ltd. 
    Imports from India, including JSW Steel Ltd  JSTL.NS  and 
Uttam Galva Steels Ltd  UTTM.NS , face duties of up to 6.92 
percent after a complaint by United States Steel Corporation 
 X.N , Nucor Corporation  NUE.N , ArcelorMittal USA  ARCMTR.UL  
and AK Steel Corporation  AKST.UL .  
    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 news follows a preliminary ruling last month on 
countervailing duties for the same products.  urn:newsml:reuters.com:*:nL1N12Y2M9 
    Commerce is due to hand down its final decision on Taiwan by 
March 8 and is scheduled to make a final ruling on the other 
countries by May 10. 
    More than $1.5 billion worth of steel treated with metals 
including zinc and aluminum was imported from the affected 
countries in 2014. 
 
 (Reporting by Josephine Mason in New York; Editing by Bill 
Trott) 
 ((Josephine.Mason@thomsonreuters.com; +1 646 223 8925; Reuters 
Messaging: josephine.mason.reuters.com@reuters.net)) 
 
Keywords: USA STEEL/CORROSION