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US slaps more taxes on Chinese steel makers

Corrosion-resistant steel imports from the Chinese mainland were sold at unfairly low prices and will be taxed at 256 percent, according to a preliminary finding of the United States Department of Commerce. Imports from India, South Korea and Italy will be taxed at lower rates, the agency said on Tuesday. Imports from Taiwan and Italy's Marcegaglia SpA will not face anti-dumping tariffs.