US slaps more duties on steel product from China

US slapped additional duties of 43 to 289 percent on imports of more than $300 million worth of a steel product from China, U.S. Commerce Department said.

US slaps more duties on steel product from China

The United States on Tuesday slapped additional duties of 43 to 289 percent on imports of more than $300 million worth of a steel product from China, the U.S. Commerce Department said.

The action against Chinese-made wire decking that the Commerce Department said is being sold at unfairly low prices inaugurates what is likely to be another year of trade friction between the United States and its top import supplier.

The preliminary anti-dumping duties imposed on Tuesday are in addition to duties ranging from 2 to 438 percent announced by the Commerce Department in November to offset government subsidies given to Chinese wire decking producers.

Wire decking is mainly used in industrial and commercial storage rack systems.

U.S. producers including AWP Industries Inc, ITC Manufacturing Inc, J&L Wire Cloth Inc, Nashville Wire Products Mfg Co Inc, and Wireway Husky Corporation asked for duties last year after imports from China surged to $317 million in 2008 from almost $213 million in 2006.

Reuters

Last Mod: 06 Ocak 2010, 03:53
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