WASHINGTON, May 22 (Xinhua) — The massive duties that the Obama administration proposed to levy on Chinese steel products will not cure the U.S. steel industry’s grave ills, but it will undoubtedly hurt American manufacturers that need the low-priced steel to remain competitive, U.S. experts have said.
The U.S. Department of Commerce said on Tuesday in a final ruling that imports of Chinese cold-rolled steel, primarily used in appliances, automotive products and construction, would be subject to anti-dumping duties of 265.79 percent and anti-subsidy duties of 256.44 percent. (…)
“The U.S. steel industry cannot supply all of the steel needed by U.S. steel consuming industries no matter the state of the global steel market,” Rob Harris, managing director of the U.S. Industrial Fasteners Institute, said in written testimony for a public hearing on the global steel industry situation last month. (…)
