by Archana Subramaniam by CNB
Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: FRIDAY, February 12, 1993 TAG: 9302120274 SECTION: BUSINESS PAGE: A-9 EDITION: METRO SOURCE: Associated Press DATELINE: WASHINGTON LENGTH: Short
U.S. ACCUSES BRITAIN OF STEEL RAIL DUMPING
Britain is selling steel rail in the United States below fair market value, the Commerce Department said Thursday.The decision, which affects imports of new steel rail estimated at $16.2 million, establishes temporary tariffs that will increase the price of the product by nearly 70 percent.
The International Trade Commission has 45 days to determine whether the imports damage or threaten to injure the domestic industry. If so, the tariffs would be made permanent.