A PYMNTS Company

EU: Trade officials take steps against China, Taiwan steel dumping

 |  December 16, 2014

EU officials have taken steps to combat suspected product dumping by Chinese and Taiwanese steel manufacturers, reports say.

Authorities have launched inquiries into whether steelmakers based in China and Taiwan are exporting products to the EU to be sold at below-market costs. Those inquiries are also looking into whether Chinese exporters received unfair, illegal government aid.

Now, the EU has ordered customs officials to register imports of Chinese and Taiwanese stainless steel products, a move reports say places the EU one step closer to imposing import taxes.

In a statement, the European Commission said “imports of the product concerned should be made subject to registration for the purpose of ensuring that, should the investigations result in findings leading to the imposition of anti-dumping and/or countervailing duties, those duties can, if the necessary conditions are fulfilled, be levied retroactively.”

Reports say registration will begin Wednesday and last for nine months.

An anti-dumping probe into Chinese and Taiwanese steel manufacturers began last June.

Full content: Bloomberg

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.