March 23, 1999 |
Steel producers in six countries have illegally dumped stainless steel in the United States at prices below production costs or home-market prices, the Commerce Department concluded. The department found that three of the countries--Belgium, Italy and South Africa--also gave producers unfair subsidies that effectively lowered prices. Canada, South Korea and Taiwan were guilty only of dumping, the department said. Those countries face tariffs of up to 60% on that product if the independent U.S.