Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

Steel product faces EU dumping duties


Post Date: 15 May 2015    Viewed: 544

The European Union will impose anti-dumping duties from Thursday on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States.

It is the second set of measures this year to protect European steel producers such as Stalprodukt SA, Tata Steel Ltd and ThyssenKrupp AG.

The European Commission, the executive body of the EU, has set tariffs on imports of grain-oriented flat-rolled electrical steel following a complaint lodged in June 2014 by Eurofer, the European steel producers association.

The duties, detailed on Wednesday in the official journal of the EU, are provisional, pending the outcome of an investigation due to end in November. Normally such duties would then continue for five years.

Duties of 28.7 percent will cover imports from Chinese companies, including Baosteel Group Corp and Wuhan Iron and Steel Corp, and of 22.8 percent from South Korea producers such as Posco.

The rate for US producers, including AK Steel Holding Corp, is 22.0 percent and for Russian firms such as Novolipetsk Steel, or NLMK, 21.6 percent.

Japan's JFE Steel Corp will face duties of 34.2 percent, while Nippon Steel, Sumitomo Metal Corp and other producers from there 35.9 percent.

The figures are in line with those reported by Reuters last month. The EU transformer industry has said it is deeply concerned by the prospect of duties.

The Commission said that from early 2003 there was an unprecedented increase in demand for transformers, leading to a corresponding rise in demand and prices of GOES, but that from 2011 that market started to experience a significant drop in consumption.

Imports reached about 45 percent of the market as their average price fell by some 30 percent from 2011 to 2014. In March, the Commission imposed anti-dumping duties on imports from the Chinese mainland and Taiwan of cold-rolled flat stainless steel. Last month, it opened a probe into alleged dumping by Chinese producers of steel used to reinforce concrete in Britain and Ireland. 


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0344 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2