EU opens probe into China steel dumping, imposes duties on cold-rolled steel from China and Russia

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Photo courtesy: ThyssenKrup Steel

The European Union, under pressure from steel makers, has launched three anti-dumping probes to determine whether imports of three steel products China have been dumped on the EU market.

It has also imposed provisional anti-dumping duties on cold-rolled steel from China and Russia. This follows other provisional anti-dumping measures adopted recently, on so called ‘high fatigue performance rebars’ from China, imposed on January 29.

“The steel sector currently faces a range of challenges… We cannot allow unfair competition from artificially cheap imports to threaten our industry. I am determined to use all means possible to ensure that our trading partners play by the rules,” EU Trade Commissioner Cecilia Malmström said in a statement.

If it is proven that the three steel products — seamless pipes, heavy plates and hot-rolled flat steel – were being dumped, the European Commission will take measures to protect the European industry from damaging effects of unfair trade, the statement said.

The EU already has nine ongoing investigations and nearly 40 trade defence measures in place on steel imports. The latest probe has been triggered by falling global prices of steel and cheap imports from China, which have been hurting steel makers in several countires, including Britain, France and Germany.

The provisional duties on cold-rolled steel range between 13.8% and 16% for the Chinese companies and between 19.8% and 26.2% for the Russian ones.

The European Steel Association (Eurofer) said the duties on Chinese products were not enough.

“The extremely low level of import duties for China may not stop the flood of Chinese CRF imports. This is a result of the lesser-duty rule applied by the EU. There is almost no other country in the world that gives such a favour to unfair imports,” said Axel Eggert, Director General of Eurofer.

European steel companies blame China for the continuing woes that has seen thousands fo workers losing jobs in the past few years.

China has said it was ready to discuss the dumping charges at the World Trade Organization

 

 

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