TheInternational Trade Commission of the United States ruled on May 5 that thesteel products made in eight countries, including Korea and Japan, wereimported to the country at unfairly low levels, thereby causing damage to the U.S.steel industry.
Withthis ruling, the Department of Commerce's earlier decision to levy anti-dumpingduties on steels from the said countries has finally been confirmed.
Theitems that the ITC decided to charge anti-dumping duties include carbon steeland alloy steel which are used mainly for machinery equipment such asbulldozers and cranes and for various building structures and bridges.
Agroup of companies in the eight countries, including Korea, Japan, Belgium,France, Germany, Australia, Italy, and Taiwan, would face anti-dumping duties.
TheU.S. industry has imported carbon and alloy steel products mainly from Korea,Germany and France. In this area, the United States relied most heavily onKorea, importing about 300,000 tons of such products a year from Korea.
In2015 alone, about 20 Korean companies, including POSCO, exported $193 millionworth of carbon steel to the U.S.