China, Korea dumping steel

China, Korea dumping steel

WASHINGTON (Reuters): The U.S. International Trade Commission has ruled that China, South Korea and other countries appear to be dumping steel used to reinforce concrete on the United States, but cleared Japan and Russia of the same charges.

In a report sent to the U.S. Commerce Department on Monday, the trade agency found that China, South Korea as well as Indonesia, Belarus and Latvia were selling steel concrete reinforcing bars in the United States at below fair value.

As a result of the agency's findings, the Commerce Department will continue its investigation into the alleged dumping and make preliminary determinations by early December.