By Craig Tarasoff
AK Steel, a US-based steel distributor, has seen its stock
rise 7% after the ITC’s ruling against its foreign competitors. The
anti-dumping order was issued after the commission found that electrical steel
imports from several European and Asian countries were damaging the domestic
market. China, Germany, Japan, South Korea, Sweden and Taiwan were found to have
been causing harm to the US market for non-oriented electrical steel, and will
be forced to pay fines as a result. AK Steel now looks to regain losses
suffered from depressed electric steel prices. The
Street has the story.
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