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US panel OKs duties on China steel in record case

Published 12/30/2009, 11:10 AM
Updated 12/30/2009, 11:12 AM

WASHINGTON, Dec 30 (Reuters) - A U.S. trade panel gave final approval on Wednesday to duties ranging from about 10 to 16 percent on Chinese-made steel pipe in the biggest U.S. trade case to date against China.

The U.S. International Trade Commission voted 6-0 in favor of the duties set by the U.S. Commerce Department to offset Chinese government subsidies.

The United States imported $2.74 billion of the "oil country tubular goods" from China in 2008, more than triple the previous year, as a surge in oil prices led to increased demand for the oil well pipe.

(Reporting by Doug Palmer; Editing by Vicki Allen)

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