U.S. steel national security study to be completed soon: Ross

Reuters News
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Posted: Jun 08, 2017 11:38 AM

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Thursday that a national security review of the U.S. steel industry would be completed "very, very soon" and will seek to protect the interests of both domestic steel producers and consumers.

Ross told a Senate Appropriations subcommittee hearing that the study could recommend three kinds of actions: imposing tariffs above the current, country-specific anti-dumping and anti-subsidy duties on certain steel products, imposing quotas limiting the volume of imports and a hybrid "tariff-rate quota" option that would include quotas on specific products with new tariffs for imports above those levels.

(Reporting by David Lawder)