EU Places Temporary Duties On Chinese Aluminum Wheel Imports-Shanghai Metals Market

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • Nickel
  • Market commentary
  • Copper
  • nickel laterite
  • hydrogenation stations
  • Aluminium
  • Nickel ore
  • Futures movement
  • Macroeconomics
  • Production data
  • Morning comments
  • Tin

EU Places Temporary Duties On Chinese Aluminum Wheel Imports

Industry News 09:04:21AM May 12, 2010 Source:SMM

BRUSSELS, May 12 -- The European Commission Tuesday said it will place temporary import duties on aluminum wheels imported from China.

The duties, announced in the European Union's Official Journal, will be 20.6% and last for at least six months while the commission, the EU's executive arm, investigates if long-term duties are necessary. The duties will come into force Wednesday.

The share of Chinese imports in the EU aluminum wheel market rose from 6.3% in 2006 to 12.4% in the 12 months ending July 2009, mirroring a sharp increase in Chinese imports in other goods. The main users of the product are automakers.


 

EU Places Temporary Duties On Chinese Aluminum Wheel Imports

Industry News 09:04:21AM May 12, 2010 Source:SMM

BRUSSELS, May 12 -- The European Commission Tuesday said it will place temporary import duties on aluminum wheels imported from China.

The duties, announced in the European Union's Official Journal, will be 20.6% and last for at least six months while the commission, the EU's executive arm, investigates if long-term duties are necessary. The duties will come into force Wednesday.

The share of Chinese imports in the EU aluminum wheel market rose from 6.3% in 2006 to 12.4% in the 12 months ending July 2009, mirroring a sharp increase in Chinese imports in other goods. The main users of the product are automakers.