The federal government this week finalized another round of steel tariffs, this time of hot-rolled steel flat products from Australia, Brazil, Japan, Korea, the Netherlands, Turkey and the United Kingdom.
The U.S. Department of Commerce determined imports from those countries were sold at less than fair market prices, and also benefited from illegal subsidies in the cases of Brazil, Korea and Turkey. Duties of up to 57 percent will be imposed.
Imports from the seven countries slapped with tariff’s this week captured $1.8 billion of the $3 billion U.S. market for hot-rolled products in 2014.
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