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EU: Hefty new anti-dumping tariffs on Chinese steel plates

By  |  February 28, 2017

The European Commission has imposed hefty definitive anti-dumping duties on imports of heavy steel plates from China.

Its investigation revealed dumping margins of between 120% and 127%, “causing material injury to EU producers”.

Chinese exports of heavy steel plates will therefore be taxed with anti-dumping duties ranging from 65% to 73%, confirming provisional tariffs set in October.

The Commission stated: “The Commission has responded forcefully and quickly to unfair competition, while at the same time ensuring that the rights of all interested parties have been protected. The definitive measures announced today will help protect EU steel producers from the damaging effects of Chinese dumping.”

Reports suggest China’s Commerce Ministry is calling on Europe to treat Chinese companies “fairly and impartially”, adding it is ready to strengthen communication with the EU to tackle issues in the industry.

Full Content: Reuters

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