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US industry injured by cold-rolled steel from China, Japan: ITC

Wednesday, June 22, 2016 - 23:32

[WASHINGTON] The US International Trade Commission said on Wednesday it had found that imports of cold-rolled steel products from China are hurting US producers, paving the way for hefty antidumping duties and increasing trade tensions between the nations.

In May, the Commerce Department had recommended slapping Chinese steelmakers with import duties of 522 per cent on the products, and anti-dumping duties of 71.35 per cent on Japanese producers.

The original complaint was filed in July 2015 by major US producers United States Steel, AK Steel Corp, ArcelorMittal USA, Nucor Corp and Steel Dynamics Inc.

The Chinese companies affected are: Angang Group Hong Kong Holdings Ltd, Benxi Iron and Steel (Group) Special Steel Co Ltd and Qian'an Golden Point Trading Co Ltd. Among Japanese producers are Nippon Steel & Sumitomo Metal Corp and JFE Steel Corp.

REUTERS