By Christian Martinez (Reuters) -The U.S. Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday after 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, the Commerce Department […]
Business
US Commerce Department affirms anti-dumping duties against 10 countries
Audio By Carbonatix
By Christian Martinez
(Reuters) -The U.S. Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday after 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, the Commerce Department said in a statement.
“Commerce made its final determinations that imports of CORE into the United States from ten trading partners were being dumped and/or subsidized,” the department said.
Corrosion-resistant steel is used to build automobiles, appliances and buildings, the department said.
“American steel companies and workers deserve to compete on a level playing field,” Under Secretary of Commerce for International Trade William Kimmitt said in a statement.
The International Trade Commission will now make its own determination of injury to the domestic steel industry, the department said.
“If the ITC makes an affirmative, trading partner-specific injury determination, Commerce will issue AD and CVD orders,” the Commerce Department said.
(Reporting by Christian Martinez; Editing by Mark Porter)