U.S. sets preliminary anti-dumping duties on steel rebar from Mexico, Turkey

(Reuters) - The U.S. Commerce Department on Monday set preliminary duties on millions of dollars worth of imports of steel rebar from Mexico and Turkey after a complaint by U.S. producers about price undercutting by foreign competitors.

The department set dumping duties of up to 66.7 percent on imports from Mexico and duties of up to 2.6 percent on Turkish imports after American producers alleged companies from the two countries were selling steel rebar, which is used to reinforce concrete, at unfairly low prices. A final decision is due on July 2.