US Steel Industry Likely Being Harmed By Imports, ITC Finds

By Caroline Simson (September 16, 2015, 6:00 PM EDT) -- There's a reasonable indication that the U.S. steel industry is being materially harmed by cheap imports of cold-rolled steel from seven foreign countries, the U.S. International Trade Commission has found.

Five ITC commissioners voted on Sept. 10 to direct the U.S. Department of Commerce to continue its investigation into cold-rolled steel flat products imported from Brazil, China, India, Japan, Korea, Russia and the United Kingdom. Preliminary countervailing duty determinations are expected by Oct. 21 and preliminary antidumping duty determinations by Jan. 4.

At the same time, the five commissioners opted not to continue the investigation as it relates to the Netherlands....

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