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

KG DongbuSteel

03/11/2015 20:31

WASHINGTON, Nov 3 (Reuters) - The United States on Tuesday 
set preliminary import duties on  corrosion-resistant steel 
products from China, India, Italy and South Korea saying they 
were produced using unfair government support. 
    The preliminary decision from the Department of Commerce set 
duties of up to 235.66 percent on imports from China, including 
from Baoshan Iron & Steel Co  600019.SS  and Handan Iron & Steel 
Group  TANGCB.UL .  
    Imports from India, including from JSW Steel Ltd  JSTL.NS  
and Uttam Galva Steels Ltd  UTTM.NS , face duties of up to 7.71 
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 Dongbu Steel Co. 
 016380.KS , had duties set at 1.37 percent and most Italian 
companies at 13.06 percent. The Department of Commerce, which 
decided against duties for goods from Taiwan, is due to hand 
down its final decision by Jan. 18.     
    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 Krista Hughes; Editing by Alan Crosby) 
 ((krista.hughes@thomsonreuters.com; +1 202 354 5854; Reuters 
Messaging: krista.hughes.thomsonreuters.com@reuters.net)) 
 
Keywords: USA STEEL/CORROSION