U.S. Steel, USW And Wheeling-Nippon Files Antidumping And Countervailing Duty Petitions With The U.S. DOC And The U.S. ITC, On Imports Of Corrosion-Resistant Steel From Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, And Vietnam
Portfolio Pulse from Benzinga Newsdesk
U.S. Steel, along with the United Steelworkers union and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the U.S. Department of Commerce and the U.S. International Trade Commission. These petitions target imports of corrosion-resistant steel from several countries, aiming to address low-priced and subsidized imports affecting the U.S. market.
September 06, 2024 | 6:50 pm
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U.S. Steel has filed significant trade petitions to combat low-priced steel imports, which could protect its market share and support its investments in new facilities.
The filing of antidumping and countervailing duty petitions by U.S. Steel is a strategic move to protect its market share from low-priced imports. This action could lead to tariffs on foreign steel, making U.S. Steel's products more competitive. The petitions are significant as they are the largest filed by the company in nearly a decade, indicating a strong commitment to safeguarding its investments and market position.
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