U.S. steel pipe makers suffer setback in anti-dumping case

• In a setback for U.S. steel producers, the U.S. Court of International Trade says the Commerce Department should reconsider its calculation of profit, which could change the level of duties imposed last year on imports of tubular steel pipes for the energy sector.
• The ruling is in agreement with South Korean steel producers who complained that the U.S. duties were too high.
• The Commerce Department and U.S. International Trade Commission last year backed a complaint by U.S.-based steel companies including U.S. Steel (NYSE:X).
• Other relevant tickers: AKS, NUE, TS, STLD