US confirms duties on some steel imports from Asia, Europe

[WASHINGTON] The United States on Tuesday confirmed duties on imports of non-oriented electrical steel from China, Germany, Japan, South Korea, Sweden and Taiwan after finding the goods were being sold too cheaply in US markets.

The US Department of Commerce said final anti-dumping duties ranged from 6.88 per cent for South Korean companies, including Daewoo International, to as much as 407.52 per cent for Chinese companies.

Japan's JFE Steel Corporation and Sumitomo Corporation face duties of 204.79 per cent for the steel, used in motors, transformers and generators.

The complaint was brought by AK Steel Corporation.

Goods from Taiwan and China will face additional anti-subsidy duties. - AFP