#DW: “EU ups import tariffs on China steel | Business | DW.COM”

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The EU government mentioned Thursday it had set anti-dumping duties on imports of hot-rolled flat metal merchandise from China at the next fee than the preliminary tariffs already in place.

The European Fee defined it had set remaining duties of between 18.1 p.c and 35.9 p.c for 5 years for producers together with Bengang Metal Plates, Handan Iron & Metal and Hesteel.

This in contrast with provisional charges instead of 13.2 to 22.6 p.c, following a grievance by EU producers ArcelorMittal, Tata Metal and ThyssenKrupp.

Loads at stake

China is the world’s high producer and shopper of metal. It introduced early final yr it might shut as a lot as 150 million tons of annual manufacturing capability over the following 5 years, however capability truly rose in 2016.

The Fee insisted the upper duties had been meant to defend EU metal makers from the consequences of Chinese language dumping.

China’s Ministry of Commerce mentioned it was extremely involved by the choice and urged Brussels “to correct its mistake,” including it might take obligatory measures to guard its firms.

The European Fee mentioned Thursday it had determined to not impose provisional duties on the identical product from Brazil, Iran, Russia, Serbia and Ukraine, noting that investigations associated to imports from these nations would proceed for an additional six months.

hg/jd (AFP, dpa)

 

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