Nucor wins Commerce Department ruling in steel dumping case

|About: Nucor Corporation (NUE)|By:, SA News Editor

The U.S. Commerce Department rules that imported steel rebar from Mexico and Turkey unfairly undercuts U.S. prices; companies in Mexico and Turkey will be subject to duties ranging from 2% to 66%.

Nucor (NUE), Commercial Metals (CMC) and other U.S. steel producers alleged that Mexican and Turkish competitors were undercutting their prices, as rebar imports from the two countries have nearly doubled from 2011 to 2013.