EU Slaps Definitive Duties on Some Steel Imports from China, Russia
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The EU has imposed definitive anti-dumping duties on imports of cold-rolled flat steel products 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 European Commission said in a statement on Thursday.
Cold rolled flat steel is used in the production of packaging and white goods as well as in the automotive industry, and the construction industry.
The import duties range from 19.7% to 22.1% for Chinese and from 18.7% to 36.1% for Russian steel makers, according to the statement.
“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 Commission added.
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