China Slaps Duties on U.S., Russian Silicon Steel

(Reuters)

China has imposed countervailing duties on grain-oriented electrical steel produced in the United States, as well as anti-dumping duties against Russian and U.S. steel, its customs administration said.

U.S. producers will be assessed for anti-dumping duties of up to 64.8 percent, and anti-subsidy duties of up to 44.6 percent, it said on its website on Monday.

The state-backed China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters hailed the Ministry of Commerce’s April 10 ruling, which the Ministry has not yet publicly announced, state news agency Xinhua said.

“During the investigation the Ministry found that U.S. producers had received subsidies by the U.S. government, and their unfair competition hurt Chinese producers,” Xinhua said, quoting an unnamed person at the chamber of commerce.

On Friday, the U.S. announced a final decision to impose stiff duties on Chinese-made oil country tubular goods, which are steel pipe used in the oil industry. Read more here.