US sets preliminary duties on China steel grating

Published on Wed, Dec 30, 2009 at 09:44 |  Source : Reuters

Updated at Wed, Dec 30, 2009 at 15:53  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
US sets preliminary duties on China steel grating

RELATED NEWS

The US Commerce Department said on Tuesday it has set preliminary anti-dumping duties of up to 145.18% on steel grating imported from China to offset unfairly low prices.

The United States imported about USD 91 million worth of the product from China in 2008. Steel grating is used in industrial floors, docks, ramps, drainage covers, staircases and other applications.

The trade case is one of about a dozen brought by US companies in 2009 against Chinese-made goods that they said have benefited from government subsidies or are being sold in the United States at less than fair value.

The Commerce Department said it set a preliminary anti-dumping duty of 14.36% on four Chinese producers or exporters in the steel grating investigations.

Those firms were Ningbo Jiulong Machinery Manufacturing Co Ltd, Sinosteel Yantai Steel Grating Co Ltd, Ningbo Haitian International Co Ltd/Ningbo Lihong Steel Grating Co Ltd and Yantai Xinke Steel Structure Co Ltd.

All other Chinese exporters or producers received an anti-dumping duty rate of 145.18 percent, the Commerce Department said.

The decision is a victory for two US companies who filed a case in May asking for import protection. Those were Alabama Metal Industries Corp and Fisher & Ludlow, which has US production facilities in Pennsylvania and Illinois.

The US International Trade Commission is set to vote on Wednesday in a case in which US companies are seeking duties on imports of oil well pipe from China that totaled more than USD 2.6 billion in 2008.

  

Trending News

Business News

Tim Cook speaks candidly about Apple at D10
Did Sebi miss any tricks in Ambani consent order? "Did Sebi miss any tricks in Ambani consent order?"

Karuna's U-turn; 'didn't threaten UPA of pull out'

Aban Offshore Q4 Income From Ops At `166 Cr Vs CNBC-TV18 Poll Of `851 Cr

The latest earning numbers FIRST on CNBC-TV18
Videos

May 30 2012, 11:18

Result corner: Ajay Bodke`s top bets from across sectors

- in MARKET OUTLOOK

Interviews

May 30 2012, 17:04 | Source: CNBC-TV18

Margins may be hit on one-off items in EBITDA: Sun Pharma  

May 30 2012, 16:32 | Source: CNBC-TV18

Essar announces Rs 175cr deal; to pay-off debts with fund  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!