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Trade Commission Imposes Duties on Foreign Steel

Updated: 08/22/2014 10:36 PM
Created: 08/22/2014 11:43 AM WDIO.com

Steelworkers on the Range will be happy to hear that the International Trade Commission is imposing duties on foreign steel from six countries. The six countries are: India, Korea, Taiwan, Turkey, Ukraine, and Vietnam.

The ITC statement said that the U.S. industry is materially injured or threatened with material injury by reason of imports of certain oil country tubular goods.

However, according to the ITC, there will not be duties on steel from the Philippines and Thailand.

There had been a series of rallies this summer called Save our Steel Jobs, which called attention to what steelworkers and leaders called unfair dumping of certain steel products.

The one in Virginia was the largest of them all.

Senator Amy Klobuchar issued a statement about the duties."This is a significant victory for our hardworking miners in Minnesota and across the country, and I'm pleased the ITC heeded our calls for action."

Congressman Rick Nolan sent out a statement as well, praising the decision by the ITC.

And Senator Al Franken said this decision is important because we can't accept when other countries dump their goods here at anti-competitive prices, undercutting Minnesota's producers.

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