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WTO Reverses Much of Ruling in Indian Challenge to U.S. Steel Duties

(Reuters)

An appeals board of the World Trade Organization reversed much of an earlier ruling against the United States on Monday, but it said U.S. duties on Indian steel broke WTO rules and asked the United States to bring them into line with its regulation. […]

The case involved U.S. duties imposed because a portion of the iron ore used to produce Indian steel pipe came from India’s top iron ore miner NMDC, a state-run company that supplies steelmakers such as Tata and Essar. Read more here.