U.S. says Chinese stainless steel strip, sheet imports being dumped in U.S.

September 12, 2016 1:30 PM EDT

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






Related Categories

Reuters

Add Your Comment