India's Tata Hit With 577% Duty On Hot-Rolled Steel

Law360, New York (July 27, 2010, 4:43 PM EDT) -- The U.S. Department of Commerce's International Trade Administration has assessed a 577.28 percent countervailing duty on certain hot-rolled steel products made by India's Tata Steel Ltd. and imported in 2008.

Commerce's final determination, announced in the Federal Register on Monday, ended an administrative review that it launched in 2009 in response to a petition from American steel companies United States Steel Corp. and Nucor Corp.

The determination slightly reduces the 586.43 percent subsidy rate Commerce calculated against Tata in its initial determination in January.

The determination...
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