EU imposes anti-dumping duties on China's steel

EU imposes anti-dumping duties on China's steel

Wednesday, March 25, 2015 12:14 pm

China manufacturing

China manufacturing

The EU said Wednesday it has decided to impose anti-dumping duties for six months on flat-rolled stainless steel imports from China and Taiwan.

The decision is the latest in a series of rows between Brussels and Beijing over alleged dumping of products ranging from wine to solar panels.

Duties ranging from 10.9 percent to 25.2 percent for the companies targeted will take effect Thursday, according to the European Union Official Journal.

Chinese and Taiwanese companies that cooperated with the EU investigation are excluded from the duties.

“In the absence of measures, the dumped imports from the countries concerned will continue to force Union industry to sell at loss-making prices,” the journal said.

The EU opened the investigation on June 26 after complaints from European competitors about the Chinese and Taiwanese firms.

Flat-rolled steel is used for a variety of products, including the production of household electrical goods like washing machines and dishwashers as well as medical tools and automobiles.

Chinese companies targeted in the latest decision include Baosteel Stainless Steel Co., Ltd, Shanghai, Ningbo Baoxin Stainless Steel Co.,Ltd, Ningbo, Shanxi Taigang Stainless Steel Co., Ltd, Taiyun City and Tianjin TISCO and TPCO Stainless Steel Co Ltd, Tianjin City.

Taiwan firms include Chia Far Industrial Factory Co., Ltd, Taipei City, Tang Eng Iron Workds Co., Ltd, Kaohsiung City and Yieh United Steel Corporation, Kaohsiung City.

The companies concerned can submit complaints to the EU and request a hearing from the European Commission, the excutive of the 28-country bloc.

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