U.S. steel hurt by Chinese pipe imports

U.S. steel hurt by Chinese pipe imports, ITC says.

U.S. makers of pipes used for oil wells are being harmed by a surge of Chinese imports, a U.S. agency ruled in a decision that may lead to tariffs of as much as 99 per cent on $2.6-billion (U.S.) in goods. The U.S. International Trade Commission ruled 6-0 in favour of domestic companies such as U.S. Steel Corp., the U.S. operations of Evraz Group SA and Wheatland Tube Co., controlled by the closely held Carlyle Group. The United Steelworkers union also joined in filing the case. Five of the commissioners said they voted for the petition because there is a threat of harm to U.S. producers.