| On December 14, 2006, US's ITC (International | | | | protection now. Duties make no sense due to |
| Trade Commission) abolished numerous | | | | integration in US-Canada steel industry. US |
| controversial import duties on carbon-steel. | | | | steel industry makers argued that they |
| This move cheered the automakers however the | | | | require tariff protection to avert low-priced |
| local steel producers got enraged. Many of | | | | & subsidized imports dump. These dumped |
| the thirteen year-old duties and tariffs | | | | imports in 1990s had led to major destruction |
| levied on high-grade steel imports were | | | | of US steel industry later triggering the |
| repealed by this surprising decision of the | | | | industry's substantial restructuring. |
| ITC. There will be a negative impact on the | | | | According to RNCOS report on US Steel |
| domestic steel industry that will be soon | | | | Industry, the industry is closely linked with |
| evident. American steel industry was blamed | | | | domestic economic growth & global steel |
| by automakers of using import protection | | | | market situation. For further information |
| cover up prices & profits. ITC's vote | | | | about US Steel Industry please read the |
| envelops all tariffs & subsidy-countering | | | | report "US Steel Industry - Future Outlook" |
| taxes in opposition to carbon steel plate, | | | | published by RNCOS at RNCOS is an industry |
| used in car assembly, from sixteen countries. | | | | leader in the field of online business |
| US steel producers are considered to be | | | | research. We specialize in industry research |
| stronger than Canadian steel industry's | | | | on various business verticals. |
| strength ten years ago. US producers need no | | | | |