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U.S. levies duties on corrosion-resistant steel from five countries

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Reuters WASHINGTON
Last Updated : May 26 2016 | 5:42 AM IST

WASHINGTON (Reuters) - The U.S. Commerce Department, in a clamp-down on a glut of steel imports, on Wednesday issued final anti-dumping duties on corrosion-resistant flat steel from China, Taiwan, South Korea, India and Italy.

China, facing pressures globally over its excess steelmaking capacity, was the worst-hit with final U.S. anti-dumping duties of 210 percent and final anti-subsidy duties ranging from 39 percent to 241 percent.

(Reporting by David Lawder; Editing by Leslie Adler)

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First Published: May 26 2016 | 5:24 AM IST

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