WASHINGTON, April 26, 2016 /PRNewswire/ -- Today United
States Steel Corporation (NYSE: X) filed a complaint with the U.S.
International Trade Commission (ITC) to initiate an investigation
under Section 337 of the Tariff Act of 1930, against the largest
Chinese steel producers and their distributors. The 337
complaint alleges illegal unfair methods of competition and seeks
the exclusion of all unfairly traded Chinese steel products from
the U.S. market.
The complaint alleges three causes of action: the illegal
conspiracy to fix prices, the theft of trade secrets and the
circumvention of trade duties by false labeling.
"We have said that we will use every tool available to fight for
fair trade," said President and Chief Executive Officer
Mario Longhi. "With today's
filing, we continue the work we have pursued through countervailing
and antidumping cases and pushing for increased enforcement of
existing laws."
Section 337 provides relief in light of specific actions, the
threat or effect of which is to destroy or substantially injure a
domestic industry, prevent the establishment of such an industry,
or restrain or monopolize trade and commerce in the U.S. The
actions covered under Section 337 include the infringement of
intellectual property rights (patents and copyrights) as well as
unfair methods of competition and unfair acts in the importation
and sale of products in the U. S. The ITC remedy is the exclusion
of the unfairly traded products from the U.S. market.
The International Trade Commission has up to 30 days to evaluate
the petition for relief and decide whether to initiate the
case. If the matter proceeds, an administrative law judge is
then assigned to the case. During the evidentiary discovery
process, the parties may seek the issuance of nationwide subpoenas
and orders for the production of relevant documents.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/u-s-steel-files-itc-complaint-300257833.html
SOURCE United States Steel Corporation