US Steel CEO praises trade case conclusions

Posted August 8, 2016

US Steel CEO praises trade case conclusions

by Pittsburgh Business Times

United States Steel Corp. CEO Mario Longhi praised the U.S. Department of Commerce’s ruling on three trade cases the company filed in 2015 that include a 57 percent duty on two South Korean companies’ imports of hot-rolled steel.

The cases involved imported hot-rolled steel from Korea, Japan, the Netherlands, Turkey, Australia, Brazil and the United Kingdom.

The U.S. Department of Commerce made their rulings on cases involving flat-rolled steel. Platts reported that two manufacturers, Posco and Daewood International,received 57 percent higher duties due to subsidies from South Korea. Other manufacturers received lesser rates.

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