U.S. producers hurt by Chinese steel wheel imports - trade panel

The U.S. International Trade Commission said on Thursday it had made a preliminary finding that U.S. producers were being harmed by imports of steel automotive wheels from China.

The decision follows an announcement last month by the U.S. Commerce Department that it had opened an investigation to determine if certain steel wheels from China are dumped in the United States and whether producers in China are receiving unfair subsidies.

The department opened the investigation based on complaints by Accuride Corp and Maxion Wheels Akron LLC. The alleged dumping margins ranged from 12.1 percent to 231.7 percent, and U.S. imports of the products from China in 2017 were estimated to total $388 million, it said.

The ITC finding that U.S. industry is harmed by the imports keeps the investigation alive.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)