U.S. Steel Gains as Obama Sets Penalties on Korean Steel Imports
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The Obama administration handed a victory to U.S. Steel Corp. and the United Steelworkers union yesterday by imposing duties on steel pipe imports from South Korea and eight other nations.
The U.S. Commerce Department set duties from 9.89 percent to 15.75 percent on Korean pipe, which is used in oil drilling, the agency said in a fact sheet released yesterday.