U.S. to levy antidumping duty on 6 economies including Japan, China

20/05/2014 12:00 - 484 Views

The U.S. Commerce Department said Friday it has decided to temporarily impose duties on steel products from six economies including China, Japan and Sweden, saying they are sold at unreasonably low prices in the United States.

JFE Steel Corp., a Japanese steelmaker, and Sumitomo Corp., a Japanese trading house, will face a 204.79 percent antidumping duty on non-oriented electrical steel they deal in. The steel product is mainly used in motors.

Other Japanese producers and exporters who are involved in non-oriented electrical steel trading in the United States will face a 135.59 percent penalty on their products.

U.S. authorities will impose a 407.52 percent duty, the highest margin in Friday's decision, on non-oriented electrical steel that is produced in or exported from China regardless of company, the department said.

The measure also targets producers and exporters of the product in Germany, South Korea and Taiwan, and the duties will be finalized in a judgment by the U.S. International Trade Commission later this year, according to the department.

The measure follows a similar temporary antidumping penalty the department announced earlier this month targeting grain-oriented electrical steel from countries including Japan, China and South Korea.

Source: Kyodo