US sets steep duties on imports of Chinese cold-rolled steel

17th May 2016

By: Reuters

  

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WASHINGTON – The US on Tuesday set final antidumping duties of 265.79% on imports of cold-rolled flat steel from China and 71.35% on imports from Japan, finding that producers from these countries were selling the products at unfair prices.

The Commerce Department also said it levied final antisubsidy duties of 256.44% on imports of Chinese cold-rolled steel.

Cold-rolled steel is primarily used in automotive manufacturing, appliances, containers and construction. The Commerce Department said 2015 imports of the metal were valued at about $272.3-million from China and $138.6-million from Japan.

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Edited by Reuters

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