The International Trade Commission (ITC) of the United States ruled on Monday that an American industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China, paving the way for the US government to levy punitive duties on the products.
As a result of the ITC’s affirmative determinations, the US Department of Commerce will issue antidumping and countervailing duty orders on imports of these products from China, said the ITC in a final ruling.
As the US steel industry has been struggling with excess steelmaking capacity around the world and has posted net losses in four of the past five years, US steel producers have increasingly resorted to trade protection.(…)
