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| repealed by this surprising decision of the ITC.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