The European Commission has launched an investigation into accusations that Serbian exports of steel products have been dumping prices on the EU market, the Serbian government said on Sunday.
Revenue Department has slapped anti-dumping duty of up to USD 168.76 per tonne on import of a chemical used in textile industry from five countries, including China and Iran, to protect domestic manufacturers.
The United States on July 7 requested authorization from the World Trade Organization to unleash trade retaliation to the sum of $450 million in a dispute with New Delhi over restrictions on agriculture imports from the U.S. due to fears of avian flu entering India.
The U.S. International Trade Commission has temporarily suspended a U.S. Steel Corporation 337 case seeking to block Chinese steel from entering the U.S. market on the grounds at least two issues it raises fall under the purview of the Commerce Department.
The European Commission will investigate whether Russia, Brazil and three other countries are flooding the bloc with cheap hot-rolled flat iron and alloy and non-alloy steel products, following a complaint from European rivals.
Steel and iron ore futures in China bounced back on Thursday from losses in the prior session, tracking other commodities in Asia as risk-appetite recovered.
Australia has still suspended livestock supply to some facilities in Việt Nam for investigation due to missing international animal welfare standards, said the Australian Embassy in Hà Nội.