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U.S. launches trade probe against Chinese steel products

Xinhua, March 5, 2016 Adjust font size:

The U.S. Commerce Department on Friday launched anti-dumping duty (AD) and countervailing duty (CVD) investigations into imports of stainless steel sheets and strips from China.

The investigations are in response to a request from AK Steel Corporation and three other U.S. steel companies, the department said in a statement.

These companies alleged that steel products from China were sold to the U.S. market at prices below fair value with dumping margins ranging from 51.07 percent to 76.64 percent.

They also claimed that Chinese exporters and producers of such products received improper government subsidies.

The U.S. International Trade Commission (ITC), the country's trade authority, is scheduled to make its preliminary inquiry determinations around March 28.

The probe will continue if the ITC determines that there is a reasonable indication that imports of such products from China materially injure or threaten the domestic industry of the United States. The Commerce Department will then make its preliminary determinations of CVD and AD in May and July respectively.

Imports of these products from China were estimated at about 302 million U.S. dollars in 2015, according to U.S. official data.

The Chinese Ministry of Commerce has kept urging Washington to abide by its commitment against protectionism and help maintain a free, open and just international trade environment. Endi