U.S. sets anti-dumping duties on China steel cylinders
03/05/2012 12:00
WASHINGTON, May 1 (Reuters) - The United States set duties on high-pressure steel cylinders from China on Tuesday to offset what it said were unfair pricing practices and government subsidies.
The Commerce Department announced anti-dumping duties ranging from 6.62 percent to 31.21 percent and additional countervailing duties of 15.81 percent.
The decision is a victory for Norris Cylinder Co., a Texas manufacturer that filed a petition last year asking for protection against lower-priced imports from China. Norris is a subsidiary of TriMas Corp.
U.S. imports of the high-pressure steel cylinders and similar products rose to $81.7 million in 2011 from $29.1 million two years earlier.
The Commerce Department announced anti-dumping duties ranging from 6.62 percent to 31.21 percent and additional countervailing duties of 15.81 percent.
The decision is a victory for Norris Cylinder Co., a Texas manufacturer that filed a petition last year asking for protection against lower-priced imports from China. Norris is a subsidiary of TriMas Corp.
U.S. imports of the high-pressure steel cylinders and similar products rose to $81.7 million in 2011 from $29.1 million two years earlier.
Tue May 1, 2012 2:31pm EDT
Source: reuters.com
Source: reuters.com
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