U. S. Steel President and CEO Comments on Affirmative Decision by International Trade Commission in Hot-Rolled Steel Trade Case
PITTSBURGH, Sept. 12, 2016 /PRNewswire/ -- Today, United States Steel Corporation (NYSE: X) President and CEO Mario Longhi issued the following statement in response to the International Trade Commission (ITC)'s affirmative injury determination regarding hot-rolled steel imports from Australia, Brazil, Japan, the Netherlands, South Korea and the United Kingdom.
Longhi's statement follows:
"It is clear that the International Trade Commission recognized the significance of this case to the domestic industry as demonstrated by its affirmative determination in the hot-rolled steel investigation from Australia, Brazil, Japan, the Netherlands, South Korea and the United Kingdom. We are encouraged that we have received affirmative determinations in the vast majority of the three flat-rolled cases we have filed. This decision is yet another positive step towards establishing a level playing field. We know that there is work yet to be done, and we will continue our efforts to ensure fair trade and adherence to the rule of law."
The ITC previously announced its final injury determinations in the antidumping and countervailing duty investigations regarding cold-rolled and corrosion-resistant steels. The ITC issued affirmative determinations in the cold-rolled investigation against Brazil, China, India, Japan, South Korea and the United Kingdom. The ITC unanimously issued affirmative determinations against corrosion-resistant steel imports from China, India, Italy, Korea and Taiwan.
SOURCE United States Steel Corporation
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