U.S. Commerce Dept confirms import duties on Czech GOES
USA, Washington: Yesterday, The U.S. Commerce Department confirmed duties on imports of grain-oriented electrical steel from the Czech Republic.
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USA, Washington: Yesterday, The U.S. Commerce Department confirmed duties on imports of grain-oriented electrical steel from the Czech Republic.
The Department made final decision after finding the goods were being sold too cheaply in the United States. Grain-oriented electrical steel imports are mainly used in large and medium-sized electrical power transformers and according to the Commerce’s final decision, the imports will face duties of up to 35.93% in the U.S.. In 2013, just over $9 million worth of the Czech steel was imported.
The decision was made following the complaint lodged by AK Steel Corp, Allegheny Ludlum Corp and the United Steelworkers union, reports Reuters.
Source: Reuters
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