29/12/2014

The European Union or to impose punitive tariffs on Chinese imports of stainless steel

According to foreign media reports, the European Union has ordered customs officers to register from China mainland and China Taiwan's imports of stainless steel, highlights the EU might be in mainland China and Taiwan to impose punitive tariffs on imports of stainless steel.The European Union has started investigating China mainland and China Taiwan's cold rolling product whether traders dumped at below production cost take products in the eu, and whether China's exporters get aid of trade-distorting subsidies, and register and imports is the survey link, the EU may be levied a tax on future.The eu said it would start tomorrow to register imports and is expected to last nine months.Due to the European Union for iron and steel industry the results showed that in June 2013, the European stainless steel cold rolled steel product market is nearly 5.5 billion euros ($6.9 billion).Last year the European stainless steel cold rolling product total imports nearly 1.5 billion euros, with imports from China mainland and China Taiwan totaling 620 million euros.The eu against China and Chinese Taiwan imported stainless steel carrying trade protection standard, main is to respond to the complaints of the European Union for iron and steel industry.At the same time also aimed at curbing China and Barcelona committal group and hypotenuse group and the European steel industry competition.Back before the action, the European commission on June 26, whether China mainland and China Taiwan trader in Europe dumping cold rolling product investigation;On August 14, and investigating whether Chinese traders to receive government subsidies.From the current situation, the European commission, the EU must be determined before September next year, whether in mainland China and Taiwan imported cold rolling five-year anti-dumping tariffs, and whether the cold rolled steel products imported to China imposed countervailing duties.Whether to impose temporary anti-dumping duties shall be sentenced to early next year in late march before the announcement, imposing provisional countervailing duties of initial results will be announced before the in mid-may.For more informations,you can visit:http://www.fsoceansteel.com/ 

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