Date: 4 weeks ago   Category: taxes

Free market: The USA squeezes out at themselves import steel


Free market: The USA squeezes out at themselves import steel
Steel from China, Russia, South Korea, Brazil, India, Japan and Great Britain is on sale in the USA at "unfairly low prices". Washington plans to impose anti-dumping tax on steel from China, Russia, South Korea, Brazil, India, Japan and Great Britain. The decision of the U.S. Department of Commerce is said about it in preliminary, Bloomberg writes. The American authorities claim that the steelmaking companies from these countries sell the production in the USA at "unfairly low prices". So, duty for holodnakatany steel will make 266 percent of the People's Republic of China, for Brazil - 39 percent, for South Korea - 6,9 percent. For the Russian producers of steel duty will be established of 12-16 percent. It is noted that a complaint to low prices of production from these countries to the American Ministry of Trade was filed by several large steelmaking companies. We will remind that anti-dumping duties on steel from China and Russia were also established by the European Union and Turkey. Last year production of steel in China was reduced for the first time for 24 years. And the Chinese authorities wait for dismissal of 500 thousand workers of steel industry. Moody's has rolled the credit rating of China

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