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U.S. says China’s steel wheels subsidized, will impose duties on imports
Date:2018/08/28    Author: -    From: Global Rubber Markets

© Reuters. FILE PHOTO: Workers arrange steel rims for export at a wheel factory in Lianyungang
© Reuters. FILE PHOTO: Workers arrange steel rims for export at a wheel factory in Lianyungang

WASHINGTON (Reuters) – The U.S. Commerce Department said on Monday it had made a preliminary determination that imports of certain steel wheels from China were subsidized at rates ranging from 58.75 percent to 172.51 percent, and it would impose duties on the product.

“As a result of today’s decision, Commerce will instruct U.S. Customs and Border Protectionto collect cash deposits from importers of certain steel wheels from China based on these preliminary rates,” the department said in a statement.

It estimated the value of U.S. imports of steel wheels from China in 2017 at $388 million.

The department opened the investigation based on complaints by Accuride Corp of Evansville, Indiana, and Maxion Wheels Akron LLC, of Akron, Ohio. It said in a statement it was scheduled to issue its final determination in the case around Jan. 7.