U.S. says Chinese stainless steel strip, sheet imports being dumped in U.S.
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
A worker walks past rolls of steel inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan August 26, 2016. REUTERS/Tyrone Siu
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
WASHINGTON (Reuters) - The U.S. Commerce Department on Monday said it had made a preliminary finding that imports of stainless steel sheet and strip from China are being dumped in the U.S. market at below fair value.
The department set preliminary antidumping duties ranging from 63.86 percent and 76.64 percent.
Any final decision to lock in duties would be subject to a finding by the U.S. International Trade Commission that domestic producers had been damaged.
The companies that had sought an investigation are AK Steel Corp, Allegheny Ludlum LLC, ATI Flat Rolled Products, North American Stainless and Outokumpu Stainless USA LLC.
(Writing by Eric Walsh; Editing by Tim Ahmann)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- After Aleppo, Syria's Assad still far from regaining his state
- Conflict over Russia is rocky start for Trump and intelligence agencies
- Italy president likely to ask Foreign Minister Gentiloni to try to form government