U.S. slaps steep final duties on China steel gratings

07/06/2010 12:00 - 454 Views

WASHINGTON (Reuters) - The United States on Tuesday set combined final duties ranging up to more than 200 percent on imports of steel gratings from China that totaled about $90 million in 2008, the U.S. Commerce Department said.

The decision is a victory for two U.S. producers, Alabama Metal Industries Corp and Fisher and Ludlow, that last year accused their Chinese competitors of selling in the United States at unfairly low prices.

After a year-long investigation, the Commerce Department on Tuesday set final anti-dumping duties of 136.76 to 145.18 percent on the steel product to offset below-market pricing.

It also set a final countervailing duty of 62.46 percent to offset Chinese government subsidies.

(Reporting by Doug Palmer; Editing by Sandra Maler)

WASHINGTON
Tue Jun 1, 2010 1:40pm EDT

Source: www.reuters.com