U.S. ramps up preliminary duties on Chinese steel wire rod imports

The U.S. Department of Commerce has set preliminary duties of up to 110% on imports of carbon and alloy steel wire rods from China following a ruling that found the products being sold below cost in the U.S.

The complaint regarding the imports, which totaled $313M in 2013, was made by several firms including ArcelorMittal (NYSE:MT), Keystone Consolidated (OTC:KYCN) and Nucor (NYSE:NUE).

A final decision by the Department of Commerce is due by Nov. 12. The U.S. International Trade Commission will make its final decision in December.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs