Australia Imposes 82 Percent Tariffs on Chinese Steel Imports

Red hot steel is flattened in the hot rolling plant at the Baosteel steel mill in Shangha, China, on June 6, 2013. Peter Parks/AFP via Getty ImagesThe Albanese government has imposed punitive tariffs of up to 82 percent on imports of hot-rolled coil steel from China.The move comes in the wake of a report from the Anti-Dumping Commission, which found the exports received unfair government subsidies and were being dumped on the Australian market.