International Trade Commission Provides Relief for U.S. Steelmakers
December 30, 2009

The U.S. International Trade Commission (ITC) made an affirmative determination today in its investigation concerning "Certain Oil Country Tubular Goods from China."

According to a Wall Street Journal article, (CLICK HERE for related story), in its largest-ever steel case, the commission determined that the U.S. industry has been damaged by a flood of imports of subsidized steel from China. The article further states that imports of oil country tubular goods, largely used in the energy sector, have surged in recent years to around $2.8 billion, prompting U.S. steelmakers and the United Steelworkers union to seek relief.

AFP reports that ITC will gave final approval today to impose up to 15-percent penalty tariffs on imported Chinese steel pipes targeted for unfair subsidies. (CLICK HERE for related story.)

A bulletin issued by the ITC says that further details will be available later today.

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