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US imposes duties on Korea steel pipe

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The Obama administration imposed duties on steel pipe from South Korea and eight other nations in a victory for U.S. Steel Corp and the United Steelworkers union, which said they were hurt by unfair competition from overseas. 

The U.S. Steel Corp flag flies in front of their headquarters building in Pittsburgh in this file photo. (AP photo)

U.S. Steel shares rose 3.2% in New York trading.

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