REUTERS: U.S. trade panel affirms hot-rolled steel duties on seven countries

09/13/2016

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September 13th, 2016 | BY DAVID LAWDER
The U.S. International Trade Commission handed another victory to American steelmakers on Monday, affirming most of the recent anti-dumping and anti-subsidy duties on hot-rolled flat steel imports from Australia, Brazil, Britain, Japan, the Netherlands, South Korea and Turkey. The commission rejected anti-subsidy duties of about 6 percent against hot-rolled steel from Turkey, but affirmed anti-dumping duties of about 6 to 7 percent against Turkish-made hot-rolled steel.

The vote locks in import taxes on the affected products for five years. The duties are among a series of U.S. actions aimed at fighting a glut of steel imports as China’s economy slows and demand remains weak elsewhere.

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