"United States Steel Corp. has filed a complaint with U.S. regulators against the biggest Chinese steel producers, accusing them of conspiring to fix prices, stealing trade secrets and skirting duties on imports in the U.S. with false labeling.
The big steelmaker is
alleging illegal unfair competition by the Chinese producers and their
distributors, and is seeking "the exclusion of all unfairly traded
Chinese steel products from the U.S. market."
U.S.
Steel announced Tuesday that it lodged the complaint with the U.S.
International Trade Commission. Normally the independent federal agency
decides within 30 days whether or not to act. The case would go before
an administrative law judge at the agency if it decides to proceed.
Pittsburgh-based U.S. Steel brought the complaint under a section of the Depression-era Tariff Act, which empowers the U.S. government to bar imports deemed to be anti-competitive. The provision has mostly been used against perceived violations of intellectual property rights.
"We have said that we will use every tool available to fight for fair trade," U.S. Steel President and CEO Mario Longhi said in a statement. The United Steelworkers union voiced support for the company's action.
Pittsburgh-based U.S. Steel brought the complaint under a section of the Depression-era Tariff Act, which empowers the U.S. government to bar imports deemed to be anti-competitive. The provision has mostly been used against perceived violations of intellectual property rights.
"We have said that we will use every tool available to fight for fair trade," U.S. Steel President and CEO Mario Longhi said in a statement. The United Steelworkers union voiced support for the company's action.
"America's steel
sector is under attack by China," union President Leo Gerard said in a
statement. "Repeated illegal and predatory trade practices have
devastated production and employment in steel and many other sectors."
U.S.
Steel and the union, though sometimes at odds on labor issues, have
been united in decrying low-priced steel imports from China and
elsewhere. The sharp decline in oil prices in recent months has crimped
oil and gas drilling, reducing the demand for steel.
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