US Wheel Makers Seek Duties On Chinese Imports

Law360, New York (March 30, 2011, 6:59 PM EDT) -- Accuride Corp. and Hayes-Lemmerz International Inc. on Wednesday asked U.S. trade regulators to assess anti-dumping and countervailing duties on imports of steel wheels from China.

The auto wheel makers claim that Chinese imports sold in the U.S. at less than fair value threaten the domestic steel wheel industry, and that the Chinese government has unfairly subsidized the country's production and export of the product.

“Reduced demand and increasing Chinese competition have resulted in both lost volume and reduced prices,” as well as cuts to the steel...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.