Thursday, May 17, 2012

ITC keeps steel tariffs in place - WeirtonDailyTimes.com | news, sports, jobs - Weirton, Hancock County — Weirton Daily Times

ITC keeps steel tariffs in place - WeirtonDailyTimes.com | news, sports, jobs - Weirton, Hancock County — Weirton Daily Times

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WEIRTON - The U.S. International Trade Commission is keeping tariffs on Japanese tin- and chromium-coated steel imports in place.

The ITC said Tuesday it would keep the duties on the Japanese imports in place, saying that "revoking the existing antidumping duty order on tin- and chromium-coated steel sheet from Japan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

The announcement drew immediate applause from the United Steelworkers of America, who have long complained that overseas competitors have been dumping steel in U.S. markets at bargain-basement prices, decimating the U.S. steel industry.

USW President Leo Gerard said the ITC's 6-0 vote "sends a strong message for support of the domestic tin mill industry and the current anti-dumping order on imports from Japan."

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