Advertisement

Duties Announced on Certain Steel Imports

Certain imports of steel are facing big duties. Certain imports of steel are facing big duties. |  Photo: WDIO

December 06, 2017 05:47 PM

Stocks of domestic steelmakers rose on Wednesday, after the announcement from the Commerce Department about the preliminary ruling on duties on certain imports. Those imports are those of Chinese steel that are finished in Vietnam.

Advertisement – Content Continues Below

U.S. importers of cold-rolled and galvanized steel from Vietnam will have to make cash deposits equal to the applicable duties. According to industry media, these are huge duties, up to 265 percent of the value of the steel.

U.S. Steel sent a statement: "This represents a critical step to shutting down one of the many paths used to flood the U.S. with dumped and subsidized steel."

The final DOC decisions is expected as early as February.


WDIO

Copyright 2017 WDIO-TV LLC, a Hubbard Broadcasting Company. All rights reserved

Advertisement
Advertisement
Relay Media Amp

Skiing Fans Gather For Annual American Birkebeiner Kick-Off

Duluth Curlers Going for Gold

Second Death Confirmed from Suspicious Ironwood Fire

Police Don't Believe Superior High School Threat Credible

Viewers Choose 'Context' in Innovative Short Film

Hill City School Cancels Classes After Threats

Advertisement
Advertisement
Advertisement