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Chinese steel faces stiff US tariffs based on subsidies received

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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...

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