Commerce Department places duties on foreign steel dumped in the U.S.

Cleveland Plain Dealer

CLEVELAND, Ohio - The U.S. Commerce Department announced Friday that duties were being imposed on certain steel imports from South Korea and eight other countries for violating antidumping laws.

In a preliminary determination earlier this year, the department found that South Korean steel producers, and those from the other countries, had not dumped products. Dumping occurs when a foreign company sells a product in the U.S. at less than its fair value.

The American steel industry, unions and manufacturing groups were among those outraged that tariffs hadn't been imposed. They were joined by U.S. Sen. Sherrod Brown, Democrat of Ohio and U.S. Sen. Rob Portman, Republican of Ohio, in lobbying the Commerce Department to impose duties. After an extensive investigation, which customarily occurs after the preliminary finding, the department decided to impose duties on the foreign manufactures in its final determination.

The United States Steel Corp. was one of about a half-dozen domestic steel manufacturers that petitioned the Commerce Department to impose duties. At issue are Oil Country Tubular Goods, or OCTG, which are primarily used in oil and gas wells, including those in Ohio's growing energy exploration industry. U. S. Steel's Lorain Tubular Operations plant makes such products.

To read the full article, click the link below.

Commerce Department places duties on foreign steel dumped in the U.S. »