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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
Insurance firms deny Chevron’s US$57 million claim for Iran oil seizure
China's approves first gene-edited wheat in step to open up GM tech to food crops
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
Gold prices hold ground as traders eye US Fed cues
Suspicious China cooking oil is hurting US biofuels business