The U.S. Department of Commerce has unveiled in a preliminary decision that it will impose antidumping duties of six-point-nine percent on imports of cold-rolled steel from South Korea.
 
Bloomberg said Wednesday the department announced that producers in South Korea and six other countries sold cold-rolled steel "at unfairly low prices in the U.S. market."
 
The Commerce Department slapped tariffs of 266 percent on imports from China, 39 percent on imports from Brazil and between three and nine percent on other countries, including India, Russia, Japan and Britain.
 
Bloomberg noted that this is the second time since December that the U.S. government has penalized foreign steel producers for selling the metal in the U.S. at extremely low prices.
 
Caitlin Webber, a Washington-based analyst at Bloomberg Intelligence, said that the duties may not be enough to ease the grievances of domestic producers.
 
Webber said “the dumping rates for South Korea, the second-largest source of these products, were far below what the U.S. industry alleged.”