Posted on 23 Jun 2016
The U.S. International Trade Commission said on Wednesday it had found that imports of cold-rolled steel products from China are hurting U.S. 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 percent on the products, and anti-dumping duties of 71.35 percent on Japanese producers. The original complaint was filed in July 2015 by major U.S. producers United States Steel (X.N), AK Steel Corp (AKS.N), ArcelorMittal USA ARCMTR.UL, Nucor Corp (NUE.N) and Steel Dynamics Inc (STLD.O).
