Ministry of Commerce of the United States abolished the anti-dumping duties on goods produced from Korean cold-rolled steel. It is reported by South Korean news Agency Yonhap, citing industry sources.
Duties were imposed in may on the products of the largest producers POSCO and Hyundai Steel, which had to pay an additional 2.68% of and 36,59% of the value of the goods respectively. Restrictive measures have been determined, according to Washington, unreasonably low sales price that represents unfair competition. Also, it is reported that 20% of Hyundai Steel and Nexteel was reduced duties on pipes of an oil assortment (OCTG).
