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The United States is investigating a group of countries trying to manipulate its economy
Release date: 2017/4/19
[Ayna-Follow]
The US Department of Commerce said it had launched an investigation into whether imports of carbon steel bars and spike from certain countries were dumping or receiving subsidies.
The investigation includes imports from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates and Britain, and the investigation of subsidies includes imports from Italy and Turkey, the Ministry of Commerce said in a statement.
The move comes after petitions from US steel companies, and the wires involved in the investigation are a hot rolled intermediate steel product used in a variety of other media and finished products, the ministry said.
In 2016, the estimated value of imports of carbon steel and stainless steel bars amounted to 10.4 million dollars from Belarus, 12.2 million dollars from Italy, 45.6 million dollars from Korea, 32.3 million dollars from Russia, 7.1 million dollars from South Africa and 40.7 million dollars $ 41.4 million from Turkey, $ 55 million from Ukraine, $ 7 million from the UAE and $ 20.5 million from Britain.
The Commerce Department said that if the US International Trade Commission reached a preliminary conclusion by May 12 that imports were hurting US producers, investigations would continue.
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Release date: 2017/4/19
[Ayna-Follow]
The US Department of Commerce said it had launched an investigation into whether imports of carbon steel bars and spike from certain countries were dumping or receiving subsidies.
The investigation includes imports from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates and Britain, and the investigation of subsidies includes imports from Italy and Turkey, the Ministry of Commerce said in a statement.
The move comes after petitions from US steel companies, and the wires involved in the investigation are a hot rolled intermediate steel product used in a variety of other media and finished products, the ministry said.
In 2016, the estimated value of imports of carbon steel and stainless steel bars amounted to 10.4 million dollars from Belarus, 12.2 million dollars from Italy, 45.6 million dollars from Korea, 32.3 million dollars from Russia, 7.1 million dollars from South Africa and 40.7 million dollars $ 41.4 million from Turkey, $ 55 million from Ukraine, $ 7 million from the UAE and $ 20.5 million from Britain.
The Commerce Department said that if the US International Trade Commission reached a preliminary conclusion by May 12 that imports were hurting US producers, investigations would continue.
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