The U.S. Commerce Department made a final decision Monday on retaliatory import duties on steel wheels from China.

Resource from: Fox Business Likes:2965

Mar 22,2012

Determining that the wheels are being dumped, or sold at less than normal value, in the U.S., the Commerce Department plans to impose duties of up to 193.54% on the imports. Citing unfair government subsidies, countervailing duties of up to 38.32% were also set on the wheels, typically used on commercial vehicles such as trucks and buses. Before either duty can take effect, the International Trade Commission would have to find that U.S. producers are being harmed by the imports, with a decision expected April 30. U.S. wheel makers Accuride Corp. (ACW) and Hayes Lemmerz International Inc. (HAYL) filed for relief in 2011, after imports of steel wheels grew by a third the previous year. The imports rose to $84.2 million last year from $80.4 million in 2010.

(Fox Business)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Schaeffler Forecasts Slower 2012 Revenue Growth on Weak Europe
Next BSA 2012 Annual Convention Registration Deadline is March 28

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.