Steelmakers clash on coated steel duty
Jan 09, 2013 | 04:10 PM
| Catherine Ngai
Tags
corrosion-resistant steel,
U.S. Steel,
Nucor,
ArcelorMittal,
Steel Dynamics,
AK Steel,
ThyssenKrupp,
Salzgitter Flach
anti-dumping
WASHINGTON — Foreign and domestic steelmakers clashed Wednesday on the role of German and South Korean corrosion-resistant steel in the U.S. automotive and construction markets.
Steelmakers argued whether anti-dumping duty orders on the product from both countries and a countervailing duty order on material from Korea should be revoked at a U.S. International Trade Commission (ITC) sunset review hearing Wednesday.Existing dumping duties range from 10.02 percent for Germany to 17.7 percent for Korea, while the subsidy duty on Korean product has been set at 1.15 percent.....
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