U.S. sets antidumping duties

U.S. sets antidumping duties

WASHINGTON (AFP): The U.S. Commerce Department on Tuesday
announced proposed punitive duties for imports of carbon quality
steel plate products from Japan, India, Indonesia, South Korea,
Italy and France.

The duties will be applied if another U.S. agency, the
International Trade Commission, issues a final determination that
the U.S. steel industry has in fact been harmed by such imports.
The ITC has 45 days to issue its findings.

The department published the duties that would be imposed on
steel products deemed to have been unfairly subsidized by
governments and on those that have entered the United States at
"dumping" prices, that is, below fair-market value.

The range of proposed duties on subsidized steel plate is from
1.73 to 47.71 percent on companies in France, India, Indonesia,
Italy and South Korea.

Anti-dumping duties -- or margins -- on steel companies from
France, India, Indonesia, Italy, Japan and South Korea range from
2.98 to 72.49 percent.