U.S. imposes duties on Chinese steel shipped from Vietnam [Seeking Alpha]
AK STEEL HOLDINGS (AKS)
Last ak steel holdings earnings: 2/20 07:00 am
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Source: Seeking Alpha
U.S. imposes duties on Chinese steel shipped from VietnamThe U.S. Department of Commerce Departmentslaps steep import duties on steel products from Vietnam that originated in China after a final determination that they evaded U.S. anti-dumping and anti-subsidy orders.The U.S. steel industry (NYSEARCA:SLX), which won anti-dumping and anti-subsidy duties against Chinese steel in 2015 and 2016 only to see shipments flood in from elsewhere, argued that Chinese products are being diverted to other countries to circumvent the duties.The case stems from a petition filed by AK Steel (NYSE:AKS), ArcelorMittal (NYSE:MT), Nucor (NYSE:NUE) and U.S. Steel (NYSE:X) alleging that Chinese producers began diverting their steel shipments to Vietnam "immediately" after the duties were imposed.Click to subscribe to real-time analytics on AKSNow read:Nucor: You Either Believe In Steel Or You Don't »
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