US Commerce Department affirms anti-dumping duties against 10 countries

investing.com 2 days ago

By Christian Martinez

Reuters – The U.S. Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday following investigations into corrosion-resistant steel products.

The determinations cover $2.9 billion in imports from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and Vietnam, as stated by the Commerce Department.

> “Commerce made its final determinations that imports of CORE into the United States from ten trading partners were being dumped and/or subsidized,” it said.

Corrosion-resistant steel is utilized in the construction of automobiles, appliances, and buildings, according to the department.

> “American steel companies and workers deserve to compete on a level playing field,” said Under Secretary of Commerce for International Trade William Kimmitt in a statement.

The International Trade Commission will now assess injury to the domestic steel industry, as noted by the department.

> “If the ITC makes an affirmative, trading partner-specific injury determination, Commerce will issue AD and CVD orders,” said the Commerce Department.




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