ITC endorses antidumping duties on Korean steel imports

The U.S. International Trade Commission on Wednesday endorsed antidumping duties the Commerce Department imposed on steel pipe imports from South Korea and two other countries.

Last month, the department decided to levy 2.34-3.82 percent of antidumping duties on imports of heavy walled rectangular welded carbon steel pipes and tubes from South Korea, 3.83-5.21 percent of duties on imports from Mexico and 15.08-35.66 percent of duties on imports from Turkey.

The ITC said it "determined that a U.S. industry is materially injured by reason of imports of heavy walled rectangular welded carbon steel pipes and tubes from Korea, Mexico, and Turkey that the U.S. Department of Commerce has determined are sold in the United States at less than fair value and subsidized by the government of Turkey."

Four of the six commission members voted for the decision, it said.

"As a result of the USITC's affirmative determinations, the Department of Commerce will issue antidumping duty orders on imports of these products from Korea, Mexico, and Turkey, and a countervailing duty order on imports of these products from Turkey," it said. (Yonhap)