U.S. levies duties on corrosion-resistant steel from five countries | Reuters

WASHINGTON The U.S. Commerce Department, in a clamp-down on a glut of steel imports, on Wednesday issued final anti-dumping duties on corrosion-resistant flat steel from China, Taiwan, South Korea, India and Italy.

China, facing pressures globally over its excess steelmaking capacity, was the worst-hit with final U.S. anti-dumping duties of 210 percent and final anti-subsidy duties ranging from 39 percent to 241 percent.

(Reporting by David Lawder; Editing by Leslie Adler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: May 26, 2016 06:15 AM

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