PITTSBURGH, May 18, 2018 (GLOBE NEWSWIRE) -- Today, United States Steel Corporation (NYSE:X) issued the following statement in response to the Department of Commerce's ruling on circumvention petitions filed by American steel producers in September 2016. The Department found that imports of Chinese steel finished in Vietnam are covered by U.S. antidumping and countervailing duty orders on imports from China.
As a result of this decision, U.S. importers of cold-rolled and galvanized steel from Vietnam made from Chinese substrate must make cash deposits under the applicable orders.
The company’s statement follows:
“We applaud Secretary Ross’ final circumvention decision, which represents the Administration’s full commitment to using all tools available to combat unfair trade and restore a level playing field for the domestic steel industry.”
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