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Definitive tariffs on chinese and russian steel
           



Created: 8/5/2016
Author: -r-
Category: Hot stories

Effective from August 4th, the EU imposed definitive anti-dumping measures a steel product from China and Russia. These duties will be in place for five years and for the first time they will also be levied retroactively on imports registered during the two months that preceded the adoption of provisional measures on 12 February 2016. The product at stake is "cold rolled steel", an industrial input for the packaging, white goods, general industry, automotive industry and the construction industry. The investigation was initiated on 14 May 2015 following a complaint submitted by the industry. The duties range from 19.7% to 22.1% for Chinese and from 18.7% to 36.1% for Russian companies. In the wake of the global steel overcapacity crisis, the Commission is applying the trade defence instruments to re-establish a level-playing field between EU and foreign producers. The EU currently has over 100 trade defence measures in place, 37 of them targeting unfair imports of steel products, 15 of which from China. Twelve more investigations concerning steel products are still ongoing.

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