Global Biz
US sets hefty final duties on China steel pipe
(Agencies)
Updated: 2010-04-10 11:52
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WASHINGTON: The United States on Friday set final anti-dumping duties ranging from 30 percent to 99 percent on more than $1 billion of Chinese-made steel pipe in one of the biggest US trade cases on record.
More than three dozen Chinese companies received a final anti-dumping duty rate of about 30 percent, down from a preliminary level of 36.5 percent announced in November.
But Jiangsu Changbao Steel Tube Co, which was not hit with any preliminary duty, now faces the "China-wide" rate of 99.14 percent for all other producers and exporters of the "oil country tubular goods (OCTG)," the Commerce Department said.
The US International Trade Commission could still strike down the anti-dumping duties if it decides domestic producers have not been harmed by the lower-priced Chinese products.
That vote is scheduled for May 10. The panel has already found injury in the countervailing duty portion of the case.
