Chesterton Tribune



US Steel hails Commerce finding of Chinese circumvention

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U.S. Steel Corporation released a statement today, following the U.S. Department of Commerce’s preliminary finding that imports of Chinese steel finished in Vietnam are attempts at circumvention and covered by U.S. antidumping and countervailing duty orders on imports from China.

As a result of that preliminary finding, U.S. importers of cold-rolled and galvanized steel from Vietnam must make cash deposits equal to the applicable duties.

“The Commerce Department’s finding of circumvention represents a critical step to shutting down one of the many paths used to flood the U.S. with dumped and subsidized steel,” U.S. Steel said. “This decision presents an encouraging sign for the steel industry and should put other countries and companies on notice that their cheating will no longer be tolerated. We urge Secretary Ross and President Trump to continue to aggressively crack down on unfairly traded steel imports, including immediate and broad action in the Section 232 investigation on steel imports and national security.”



Posted 12/6/2017





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