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U.S. to slap heavy anti-dumping duties on S. Korean steel importsBy 김다솔
Published : July 21, 2016 - 20:52
In its recent ruling, the U.S. International Trade Commission (ITC) determined that the related U.S. industry is actually hurt by products from South Korea and four other nations sold at less than fair value and subsidized by their governments, according to the Korea International Trade Association.
It was upholding a decision by the Department of Commerce (DOC) to levy a 47.8 percent duty on Hyundai Steel and 8.75 percent on Dongkuk Steel.
The other four countries facing similar penalties are China, India, Italy and Taiwan.
Earlier this week, the DOC also decided to charge anti-dumping duties on washing machines made in China by two South Korean firms -- Samsung Electronics and LG Electronics -- ruling in favor of their American rival Whirlpool. (Yonhap)
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