U.S. imposes anti-dumping duties on Chinese, Mexican structural steel

|About: VanEck Vectors Steel ETF (SLX)|By:, SA News Editor

The Department of Commerce Department says it imposed duties on fabricated structural steel (NYSEARCA:SLX) from China and Mexico following a preliminary determination that producers in the two countries had dumped the product on the U.S. market at prices below fair market value.

Most Chinese steel products have been excluded from the U.S. market by prior Commerce Department anti-dumping duties and Pres. Trump's 25% tariffs; the latest order seeks to prevent Chinese downstream structural steel assemblies from skirting those duties and entering the U.S.

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