Antidumping tariffs will keep China, India and other countries from flooding the U.S. market with hot-rolled steel for at least another five years.
Current tariffs prevent China, India and other countries from dumping hot-rolled steel in the United States, and a bipartisan group of U.S. Senators hope to keep it that way.
A major investigation has been launched into whether foreign steelmakers are dumping subsidized steel in the United States at cut-rate prices.
In a unanimous 6-to-0 vote Thursday, the U.S. International Trade Commission voted to continue levying duties on circular welded pipe and tube imports from seven countries.
U.S. Rep. Pete Visclosky testified at an International Trade Commission hearing Thursday morning in support of extending tariffs on a range of imported steel products in an effort to support domestic producers.
Members of the a bipartisan legislative bloc supporting the steel industry are calling the International Trade Commissions decision last week on imported steel plate a split decision.
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