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EU hits China with fresh steel anti-dumping duties
10/10/2016 12:00
BRUSSELS: The European Union on Friday hit China with anti-dumping duties on two types of steel imports as Europe tries to cope with a global steel glut largely driven by massive Chinese output.
The measure is part of an EU push against China, which makes more than half the world’s steel, for allegedly flooding world markets with steel and aluminium in violation of international trade agreements.
The European Commission said the levies, which if confirmed run for five years, concern hot-rolled flat steel and heavy plates of steel.
“The Commission today decided to impose provisional anti-dumping duties on imports of two steel products from China, in a swift reaction to unfair competition,” the EU executive said in a statement.
The commission is “making full use of the instruments available in the EU anti-dumping legislation”.
The measure is part of an EU push against China, which makes more than half the world’s steel, for allegedly flooding world markets with steel and aluminium in violation of international trade agreements.
The European Commission said the levies, which if confirmed run for five years, concern hot-rolled flat steel and heavy plates of steel.
“The Commission today decided to impose provisional anti-dumping duties on imports of two steel products from China, in a swift reaction to unfair competition,” the EU executive said in a statement.
The commission is “making full use of the instruments available in the EU anti-dumping legislation”.
Source: dawn.com
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