The U.S. Department of Commerce on Tuesday set preliminary duties of up to 81 percent on imports of carbon and alloy steel wire rod from China after ruling they were produced using unfair government subsidies.
Commerce set a preliminary subsidy rate of 81.36 percent for Hebei Iron & Steel [HEBEIH.UL] and 10.30 percent for Benxi Steel [LNGOVB.UL] and all other producers and exporters in China.
The complaint about imports of hot-rolled carbon steel and alloy steel rod from China, which totaled $313 million in 2013, was made by ArcelorMittal USA [ARCMTR.UL], Charter Steel, Evraz Pueblo, Gerdau Ameristeel, Keystone Consolidated Industries and Nucor Corporation <NUE.N>.
Commerce is due to make its final decision by Nov. 12, at the same time as its final decision in a parallel investigation into dumping of the steel wire rod
Source: Global Post
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
![Steel Insights](/assets/images/news/coal-insights.jpg)
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
![Steel Insights](/assets/images/news/ICMW_Jan09.gif)
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
![Steel Insights](/assets/images/news/ISMW.gif)
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
![Steel Insights](/assets/images/news/SteelInsights.jpg)
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.