WASHINGTON (Reuters) and LONDON – Corrosion-resistant steel from China will face final US anti-dumping and anti-subsidy duties of up to 450% under the US Commerce Department’s latest clampdown on a glut of steel imports, the agency said on Wednesday.
The EU is also threatening to levy similar tariffs on Chinese steel, ahead of the G7 summit in Japan this week…
The price of aluminum is 40 percent of what it was five years ago. Fewer American manufacturers are producing it due to global competition many describe as being at an unfair advantage.
The ripple effect? The U.S. is importing more aluminum than ever, causing hundreds of people in the Tri-State to lose their jobs…
China is doubling down on efforts to keep unprofitable factories afloat despite for years pledging to curb excess capacity, adding to a glut of basic materials flooding the global economy.
The country’s overproduction of steel, aluminum, diesel and other industrial goods has driven down prices and crippled competitors, leading to thousands of lost jobs in the U.S. and elsewhere…
