U.S. May Slap Duties of as Much as 145% on Chinese Steel Imports

Anti-dumping duties of as much as 145% may be imposed by the U.S. Commerce Department on Chinese steel-grating imports once a final ruling is made, reports Bloomberg.

 

In a preliminary report, the U.S. Commerce Department found that Chinese companies sold the product at prices below fair value. The agency reveals that imports of the steel grating were valued at $90.7 million in 2008. It adds that Chinese shipments of grating to the U.S. jumped more than 500% by volume and more than 900% by value from 2006 to 2008.

 

Duties range from 14.4% for four companies including Ningbo Jiulong Machinery Manufacturing Co., to 145% for Shanghai DAHE Grating Co. and other exporters or producers, says Bloomberg. 
 

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