Off the wire
• Urgent: President Xi to meet Taiwan leader in Singapore  • UN Refugee Agency urges all states to work to end child statelessness  • UN agencies on standby as cyclone threatens conflict-ridden Yemen  • Cuba renews portfolio of foreign investment opportunities  • General Conference of UNESCO opens in Paris  • Afghanistan, China vow to further promote relationship  • Finnish minister says former IS fighters among asylum-seekers  • U.S. to continue review process of controversial Keystone XL pipeline  • IFRC calls for increased aid to vulnerable migrants in Greece  • 1st LD Writethru: U.S. stocks extend gains on surging oil  
You are here: 　 Home

U.S. sets preliminary subsidy rates on corrosion-resistant steel products from four countries

Xinhua, November 4, 2015 Adjust font size:

The U.S. Commerce Department on Tuesday set preliminary subsidy rates on imported corrosion-resistant steel products from China, India, Italy and the Republic of Korea, signaling that it may impose punitive duties on the products.

The department made its preliminary affirmative determination that producers and exporters of corrosion-resistant steel products in those four countries received countervailable subsidy rates ranging from 0.04 percent to 235.66 percent.

Punitive duties would be imposed after both the Commerce Department and the U.S. International Trade Commission (ITC) made affirmative final rulings, which are scheduled on Jan 18 and March 5, 2016, respectively. If the ITC makes a negative determination, the investigations will be terminated.

Corrosion-resistant steel products are typically used in the manufacture of trucks, automobiles, agricultural equipment and industrial equipment.

Imports of these products from China were estimated at about 685 million U.S. dollars last year, according to U.S. official data.

Beijing has repeatedly urged Washington to honor its commitment against protectionism and work with China to maintain a free, open and just trade environment. Endit