The European Commission (EC) extended the EU’s anti-dumping duties on certain types of thick rolled-steel imports from China. The duty rate remained at 65.1%-73.7% level.
The relevant decision was made after the post-tariff anti-dumping investigation was conducted in 2017.
Products are governed by CN Codes ex 7208 51 20, ex 7208 51 91, ex 7208 51 98, ex 7208 52 91, ex 7208 90 20, ex 7208 90 80, 7225 40 40, ex 7225 40 60 and ex 7225 9 9 00 for Anti-dumping definitions.
According to the investigation, the lack of restrictive measures could significantly increase dumped imports from China at prices that will hurt domestic producers.
In 2021, the European Union produced 9.44 million tonnes of related products with a capacity of 13.45 million tonnes. However, imports from China fell to 1,778 thousand tonnes, giving it a share of the EU market of 0.02%.
During the anti-dumping investigation, China Iron and Steel Association (CISA) stated that the tariffs should be suspended due to the expected increase in product shortages in the EU market, economic recovery and lower supplies from Ukraine and Russia. However, the committee rejected this allegation as unfounded.