US slaps fresh duties on Chinese, Mexican steel goods

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[WASHINGTON] Washington on Wednesday announced new import duties on more than US$1 billion in imported structural steel from China and Mexico, saying manufacturers in those countries dumped product on the US market. Read more at The Business Times.

Washington on Wednesday announced new import duties on more than US$1 billion in imported structural steel from China and Mexico, saying manufacturers in those countries dumped product on the US market.[WASHINGTON] Washington on Wednesday announced new import duties on more than US$1 billion in imported structural steel from China and Mexico, saying manufacturers in those countries dumped product on the US market.

The Commerce Department's findings, which are preliminary and could be reversed, follow a similar decision in June concerning Chinese alloy aluminum imports valued at nearly US$1 billion. Chinese and Mexican producers allegedly dumped fabricated structural steel - such as I-beams, rods and joists - at margins of between 0 per cent and 141.4 per cent, the Commerce Department said.

The department said it had rejected such allegations concerning similar products from Canada, however.The findings were the result of a complaint lodged in February by members of the American Institute of Steel Construction in Chicago.

 

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