ITC to Issue Ruling on Chinese Steel - TheStreet

WASHINGTON (

TheStreet

) -- The U.S. International Trade Commission will rule Wednesday on claims by U.S. steelmakers that they have been severely injured from $2.8 billion of subsidized Chinese steel being dumped into the U.S., a report says.

If the ITC finds in favor of the U.S. steel industry, the result is a likely imposition of duties on future imports of Chinese steel pipes and tubes used by energy companies, the

Wall Street Journal

reports.

It's the biggest steel case ever to come before the ITC.

U.S. Steel

(X) - Get Report

is the largest of the petitioners that filed the claim with the ITC back in April.

The U.S. Commerce Department this fall ruled that Chinese steel pipe and tube producers were dumping subsidized steel into the U.S. and imposed preliminary duties, the

Journal

notes.

Separately, the Commerce Department said Tuesday it may impose anti-dumping duties on imports of Chinese steel grating, saying it has been sold in the U.S. for up to 145% below its normal value, the

Associated Press

reports.

Chinese companies have been assigned preliminary duties ranging from 14% to 145%, the department said, adding it would make a final ruling in April.

-- Written by Joseph Woelfel in New York.

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