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Chinese steel faces stiff US tariffs based on subsidies received

Nucor CEO John Ferriola believes the duty will have an impact on Chinese steel shipments.

New York

IMPORTS of some corrosive-resistant steel from China may be taxed as much as 236 per cent based on the level of subsidies they receive, according to a preliminary finding by the US Department of Commerce.

The department found five Chinese exporters including Angang Group