U.S. 'particular market situation' ruling on Korean steel sparks concern at WTO

China, Russia and South Korea last week questioned whether the Commerce Department's recent decision to apply steeper antidumping margins on Korean steel producers based on a “particular market situation” finding is compliant with U.S. World Trade Organization obligations. During an AD committee meeting on April 27, Korea said the use of the particular market situation application has “serious implications for the fundamental fairness and legitimacy of the trading system as a whole,” according to Geneva sources. China and Russia backed...