US to continue sanctions on Korean steel plate

The United States said Monday that it decided to keep penalties on the trade of "cut-to-length carbon-quality" steel plate from Korea, India and Indonesia.

"The U.S. International Trade Commission (USITC) today determined that revoking the existing anti-dumping and countervailing duty orders on cut-to-length carbon-quality steel plate from India, Indonesia and Korea would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time," the agency said in a press release.

As a result, the existing orders on imports of those products from the three nations will remain in place, it added.

The action came under the five-year "sunset" review process required by the Uruguay Round Agreements Act, the USITC said.

The commission, however, decided to scrap anti-dumping and countervailing duties on the same-kind products from Japan and Italy. (Yonhap- Washington)