EU extends anti-dumping duties on Chinese steel
The European Commission said on Wednesday (4 August) it had extended anti-dumping duties on imports of Chinese corrosion-resistant steel to stop producers avoiding existing duties by slightly modifying the material they export.
The EU set duties in February 2018 of between 17.2% and 27.9% for imports of certain corrosion-resistant steels from China to counter what it said were unfairly low prices.
The Commission said these anti-dumping measures had caused imports of affected products to fall almost to zero, but at the same time, imports of other corrosion-resistant products had climbed to around 1 million tonnes or €650 million per year. It launched an investigation into the issue in November 2019.
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