The US Department of Commerce has imposed anti-dumping (AD) duties on collated steel staples from China.
In an order that is slated to release on July 20, Commerce determined that eight companies from China are exporting collated staples at less than fair value (LTFV) to the US. The agency intends to charge weighted-average AD duties ranging from 96.15pc to 122.55pc on all imports of the material from China.
Commerce published its final determination of the LFTV investigation on June 2, 2020. On July 12, the International Trade Commission (ITC) affirmed the duties levied by Commerce.
The agency will now instruct US Customs and Border Protection to assess AD duties on all imports from the companies that were slapped with these duties.