US finds on final steel dumping margins

The US Commerce Department on Thursday stepped closer to placing duties on imports of stainless steel sheet and strip from China, issuing a final determination that the products were being subsidized and dumped in the US market at below fair value.

The department said it affirmed anti-dumping duties ranging from 63.86 percent to 76.64 percent on the imports, and an anti-subsidy rate of 75.60 percent for mandatory respondent Shanxi Taigang Stainless Steel Co Ltd.

The duties will go into effect for five years if the US International Trade Commission subsequently affirms its earlier finding that US producers were being harmed.