U.S. says Chinese stainless steel strip, sheet imports being dumped in U.S.
- Wall St. edges higher as earnings gather pace
- Alibaba (BABA) Tops Q3 EPS by 17c, Revenues Rise 54%
- DuPont (DD) Tops Q4 EPS by 9c; Sees Merger Closing in First Half
- Johnson & Johnson (JNJ) Tops Q4 EPS by 2c; Guides Modestly Below the Street
- Pre-Open Stock Movers 01/24: (MPSX) (IIVI) (AKS) Higher; (FSM) (OCUL) (VZ) Lower (more...)
A worker walks past rolls of steel inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan August 26, 2016. REUTERS/Tyrone Siu
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your 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
- U.S. deficit to shrink to $559 billion in fiscal year 2017: CBO
- Q&A: Breaking the glass ceiling of football dynasties
- U.S. existing home sales fall as supply hits 17-year low
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!