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
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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