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Nucor wins Commerce Department ruling in steel dumping case

Apr. 21, 2014 5:27 PM ETNucor Corporation (NUE) StockNUE, CMCBy: Carl Surran, 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 (NYSE:NUE), Commercial Metals (NYSE: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.

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