US has slapped Chinese steelmakers with import duties of 552 percent on cold-rolled flat steel after discovering that their products were being sold in the US market below market prices and with unfair subsidies.
Four major producers of stainless steel sheet and strip filed anti-dumping and countervailing duty petitions in response to the ongoing influx of Chinese steel.
India bucked the worldwide steel inertia with a massive 23 percent rise in December 2015.
