Again spotted over at purchasing.COM
Department of commerce trade officials have accepted a ruling by the World Trade Organization that requires global adoption of one formula for investigating allegation of dumping and imposing punitive duties. Because of the recalculation, most dumping duties on 15 steel products from European mills have been changed.
The duties eliminated were on hot-rolled sheet in coil from the Corus Group plants in the Netherlands (from 2.59%) and stainless steel bar from Ugitech in France (from 3.9%) and Corus Engineering Steels plants in the United Kingdom (from 4.48%).
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