US hikes import duty on cold-rolled steel import from China to 522%
Imposes heavy duty on corrosion resistant steel imports from China and elsewhere various countries
The United States decided to increase import duty on Chinese steel last month by more than fivefold. According to BBC News, the US Department of Commerce imposed import duty of 522% on cold-rolled flat steel used in car manufacturing, shipping containers and construction. The US Department of Commerce also decided to impose anti-dumping duty of 71% on Japan made cold-rolled steel.
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