Reuters reported that the US Department of Commerce confirmed steep duties on imports of carbon and alloy steel wire rod from China after ruling the products were being sold below cost in the US market and received unfair levels of government subsidies.

Importers of goods from companies including Benxi Steel , Rizhao Steel Wire Company, Hunan Valin Xiangtan Iron & Steel Co and Jiangsu Shagang International Trade Company, a subsidiary of Jiangsu Shagang Group, face anti dumping duties of up to 110.25 percent and anti-subsidy duties of up to 193.31%.

The complaint about imports of carbon steel and alloy steel rod from China, which totaled USD 313 million in 2013, was made by ArcelorMittal USA, Charter Steel, Evraz Pueblo, Gerdau Ameristeel, Keystone Consolidated Industries and Nucor Corporation. The US International Trade Commission is to make its final decision in the case, which will determine whether duties go ahead, by December 26.