US confirms duties on imported steel nails from Malaysia,others

WASHINGTON: The U.S. Department of Commerce on Thursday confirmed import duties on steel nails from South Korea, Malaysia, Oman, Taiwan and Vietnam after finding they were being sold below cost in the United States.

Anti-dumping duties ranged as high as 323.99 percent for goods from Vietnam, which was also found to be providing unfair government subsidies to its domestic industry and is being subjected to separate anti-subsidy duties.

The complaint was lodged by Mid Continent Steel & Wire, the largest bulk pallet nail manufacturer in the United States.

A final decision from the International Trade Commission is due by June 27, 2015. - Reuters