The Commerce Department said a preliminary investigation found that the Canadian subsidiary of steelmaker ArcelorMittal and Germany-headquartered thyssenkrupp had engaged in "dumping" tin mill, or coated, steel into the US market.
The two firms were found to have dumping rates of 5.3 percent and 7.0 percent, respectively, according to the Commerce Department.
This means that they were selling goods into the US markets below the price of the same goods in their home markets, according to the US accusations.
An unnamed Chinese company was also accused of dumping, with a dumping rate of more than 122 percent.
The initial investigation found that imports from Korea, the Netherlands, Taiwan, Turkey, and the United Kingdom were not being dumped.
The Commerce Department said it would conduct a more thorough investigation into the companies it named, and would give all parties involved an opportunity to comment on the preliminary findings.
A final determination for China will be published on October 31, while those for other countries should be published on or around January 6, 2024, the Commerce Department said.
| The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes. |
