US launch trade probe against Chinese steel products


Washington, Mar 5 (IANS): The US Commerce Department launched anti-dumping duty (AD) and countervailing duty (CVD) investigations into imports of stainless steel sheets and strips from China, the media reported on Saturday.

The investigations are in response to a request from AK Steel Corporation and three other US steel companies, the department said in a statement on Friday.

These companies alleged that steel products from China were sold to the US market at prices below fair value with dumping margins ranging from 51.07 percent to 76.64 percent, Xinhua news agency reported.

They also claimed that Chinese exporters and producers of such products received improper government subsidies.

The US International Trade Commission (ITC), the country's trade authority, is scheduled to make its preliminary inquiry determinations around March 28.

The probe will continue if the ITC determines that there is a reasonable indication that imports of such products from China materially injure or threaten the domestic industry of the US. The Commerce Department will then make its preliminary determinations of CVD and AD in May and July respectively.

Imports of these products from China were estimated at about $302 million in 2015.

  

Top Stories


Leave a Comment

Title: US launch trade probe against Chinese steel products



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.