EUROPEAN COMMISSION ANNOUNCES ANTIDUMPING INVESTIGATION ON CHINESE STEEL PLATE, HRC AND PIPES
http://www.chemnet.com Feb 15,2016 PlattsThe European Commission announced Friday it will start antidumping investigations into imports of Chinese steel heavy plates, hot-rolled flats and seamless pipes.
The move has been long-waited in the European steel community following an official complaint filed by industry body Eurofer in late 2015 on behalf of the continent's producers.
The EC said, regarding hot-rolled flats, the decision was to "take action on the basis of a threat of injury, rather than waiting for such injury to materialise."
It said this is an exceptional step in trade defense proceedings.
"The steel sector currently faces a range of challenges. EU trade defense instruments cannot on their own solve all those problems, but the European Commission is acting and applying the instruments at its disposal to support and ensure a level-playing field. We cannot allow unfair competition from artificially cheap imports to threaten our industry," EU Trade Commissioner Cecilia Malmstrom said.
"I am determined to use all means possible to ensure that our trading partners play by the rules. We have so far put in place trade defense measures for more than 30 different types of steel products, and we will continue to effectively address legitimate concerns of our industry," she added.
The EC will officially publish notice of the investigations in its journal on February 13 and will start collecting information from all involved parties to come to a decision in the next few months.
While announcing the opening of the new trade cases, the EC also confirmed the imposition of provisional measures for cold-rolled coil from Russia and China.
Chinese CRC will be subject to 13.8-16% duties, with Russian material subject to 19.8-26.2%. The decision to collect retroactive duties as of December 2015 will be taken by the commission at a later stage.