Brussels imposes new anti-dumping duties on Chinese steel

The EU Commission decided Wednesday to impose anti-dumping duties on imports of steel road wheels originating in China, to be in place as of tomorrow and to remain in place for a 5-year period.

The Commission says the definitive anti-dumping duties will restore the level playing field for the European steel road wheels industry that has suffered from the dumped imports from China.

The investigation launched in February 2019 focused on Chinese exports of steel wheels for passenger cars, road tractors, trailers of road tractors, buses, and fire fighting vehicles.

It confirmed that in 2018 the Chinese producers exported to the Union more than 2 million steel road wheels at dumped prices leading to losses for European producers and endangering around 3000 EU jobs.

On that basis, the Commission decided to impose definitive duties, which will replace the provisional duties in place since October 2019. The measures are part of consistent EU action aiming to ensure fair conditions for EU steel producers, as laid out in the Commission communication of 2016 setting a strategy to preserve sustainable jobs and grow in the EU steel sector.

The EU has to the date put in place 52 trade defence measures on steel products, 28 of which concern products imported from China.

Ακολουθήστε το Agrocapital.gr στο Google News και μάθετε πρώτοι τις ειδήσεις