EU final ruling on anti-dumping duties on corrosion-resistant steel products in China
The European Commission recently announced that it will impose an anti-dumping investigation on China's corrosion-resistant steel products and decide to impose an anti-dumping duty of 17.2% to 27.9% on the above products within the next five years.
In August last year, the European Commission initially imposed 17.2% to 27.9% provisional anti-dumping duties on Chinese corrosion resistant steel products, including Hegang Group, Shougang Group and Shagang Group. According to figures released by the European Union, the market value of corrosion-resistant steel products in the European Union is about 4.6 billion euros, of which Chinese companies account for about 20 per cent. The relevant person in charge of China's Ministry of Commerce said that the European side still used the "substitute country" method in the investigation, replacing the price and cost data of Chinese enterprises with the data of Brazilian enterprises, artificially inflating the dumping margin. The Chinese side expresses its strong dissatisfaction with this. In recent years, the EU has repeatedly implemented anti-dumping measures against Chinese steel products. At the end of January, the European Commission announced the final ruling on anti-dumping investigations on Chinese cast iron products and decided to implement a five-year anti-dumping measure. The European Commission said that there are currently 53 anti-dumping measures on imported steel products that are still in force in the EU, 27 of which involve products imported from China.
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