EU launches anti-dumping probe against China
A fresh anti-dumping probe into certain steel products from China has been launched by the European Commission in the second such action in recent months.
By PTI |
BEIJING: A fresh anti-dumping probe into certain steel products from China has been launched by the European Commission in the second such action in recent months, after complaints by a Brussels-based industry body representing big firms like ArcelorMittal and ThyssenKrupp.
Besides China, South Korea was "targeted" in the investigation covering stainless steel cold rolled flat products, the state media reported.
The European Confederation of Iron and Steel Industries (Eurofer), an industry body representing giant EU steel producers such as ArcelorMittal and ThyssenKrupp, had lodged the complaint on December 21 last year, leading to the new investigation.
The Commission had launched the first anti-dumping probe into certain hot-dipped metallic-coated iron or steel flat products from China, following another complaint from Eurofer in October.
Eurofer has also filed a third complaint against China regarding wire rod on which the Commission has not decided yet, Xinhua agency said.
The EU anti-dumping investigation must be completed within 15 months but does not normally take more than a year, with the EU governments having the final word on imposing anti-dumping duties for five years.
Provisional duties lasting six to nine months can also be slapped during the investigation period after consulting the member states.
Responding to Eurofer's complaints, China said in November last that its iron and steel industry would expand to meet the domestic demand rather than seeking to dominate global market.
China's Ministry of Commerce had regretted the anti-dumping applications and expressed a desire to find a solution through dialogue and negotiations.
Besides China, South Korea was "targeted" in the investigation covering stainless steel cold rolled flat products, the state media reported.
The European Confederation of Iron and Steel Industries (Eurofer), an industry body representing giant EU steel producers such as ArcelorMittal and ThyssenKrupp, had lodged the complaint on December 21 last year, leading to the new investigation.
The Commission had launched the first anti-dumping probe into certain hot-dipped metallic-coated iron or steel flat products from China, following another complaint from Eurofer in October.
Eurofer has also filed a third complaint against China regarding wire rod on which the Commission has not decided yet, Xinhua agency said.
The EU anti-dumping investigation must be completed within 15 months but does not normally take more than a year, with the EU governments having the final word on imposing anti-dumping duties for five years.
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Provisional duties lasting six to nine months can also be slapped during the investigation period after consulting the member states.
Responding to Eurofer's complaints, China said in November last that its iron and steel industry would expand to meet the domestic demand rather than seeking to dominate global market.
China's Ministry of Commerce had regretted the anti-dumping applications and expressed a desire to find a solution through dialogue and negotiations.
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