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United States Steel Llc
U.S. imposes tariffs on steel from nine countries accused of dumping
U.S. imposes tariffs on steel from nine countries accused of dumping

The U.S. government on Friday announced substantial punitive tariffs on hundreds of millions of dollars worth of steel products imported from South Korea and eight other countries. The much-anticipated decision marks one of the largest dumping cases in recent memory and could embolden domestic steel makers to file more claims of unfair pricing against foreign shippers. Steel from the nine countries will be hit with tariffs of up to 118%, but the lion’s share of imported steel products in this case, from South Korea, were levied much smaller duties of 10% to 16%. In the short term, the decision is expected to curb steel imports and lift prices of certain steel goods that could...

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