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. Last Updated: 07/27/2016

U.S. Rules on Steel

WASHINGTON -- The U.S. International Trade Commission ruled Friday that U.S. steel makers were hurt by low-priced imports from Russia and Brazil, clearing the way for the United States to impose anti-dumping duties should the two countries fail to curb their exports.

The independent federal commission's ruling on hot-rolled steel, a basic product widely used by industry, will have no immediate impact since both countries have already reached agreements with the U.S. to permit steel exports. But if Brazil or Russia violates those agreements, the duties would kick in.

Under its agreement, Russia would halt shipments of hot-rolled steel to the U.S. in 1999 and gradually increase them over the five-year life of the pact.