Europe imposes duties on Chinese Hot-rolled Coil, Heavy Plates-Shanghai Metals Market

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Europe imposes duties on Chinese Hot-rolled Coil, Heavy Plates

Industry News 03:45:56PM Oct 09, 2016 Source:Scrap Register

CHINA October 07 2016 3:48 PM

BEIJING (Scrap Register): In order to control competition for EU producers including ArcelorMittal and ThyssenKrupp AG, the European Union has imposed a tariff of 73.7 percent on two type of steel from China.

The duties on hot-rolled coil and heavy plates will take effect on the Chinese exporters, as they follows a pattern known as dumping in which goods are sold at below EU cost.

The anti-dumping duties on both types of steel from China are the preliminary outcome of inquiries that the commission opened in February. The probes stemmed from dumping complaints by European steel industry group Eurofer on behalf of manufacturers that account for more than 90 percent of the EU’s output of hot-rolled coil and more than a quarter of the bloc’s production of heavy plates.

Depending on the Chinese exporter, the provisional duties on hot-rolled coil range from 13.2 percent to 22.6 percent, while the levies on heavy plates are between 65.1 percent and 73.7 percent.

Europe imposes duties on Chinese Hot-rolled Coil, Heavy Plates

Industry News 03:45:56PM Oct 09, 2016 Source:Scrap Register

CHINA October 07 2016 3:48 PM

BEIJING (Scrap Register): In order to control competition for EU producers including ArcelorMittal and ThyssenKrupp AG, the European Union has imposed a tariff of 73.7 percent on two type of steel from China.

The duties on hot-rolled coil and heavy plates will take effect on the Chinese exporters, as they follows a pattern known as dumping in which goods are sold at below EU cost.

The anti-dumping duties on both types of steel from China are the preliminary outcome of inquiries that the commission opened in February. The probes stemmed from dumping complaints by European steel industry group Eurofer on behalf of manufacturers that account for more than 90 percent of the EU’s output of hot-rolled coil and more than a quarter of the bloc’s production of heavy plates.

Depending on the Chinese exporter, the provisional duties on hot-rolled coil range from 13.2 percent to 22.6 percent, while the levies on heavy plates are between 65.1 percent and 73.7 percent.