U.S. gets OK to hike duties on Chinese steel to over 500%

• The U.S. will slap duties of more than 500% on imports of certain steel products from China, the International Trade Commission rules after the U.S. Commerce Department recommended last month that heavy duties to be imposed on imports of cold-rolled steel products from China and Japan.
• The anti-dumping case brought last year is one of three under consideration this summer and comes amid a growing dispute between the U.S. and China over steel.
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