EC plans to impose duties on imported steel wire rods from China and Moldova

Wednesday, 07 January 2009 14:44:03 (GMT+2)

The European Commission is planning to impose temporary antidumping duties on imported steel wire rods from China and Moldova while investigations will continue to determine whether permanent duties are necessary, European Union diplomats stated on Tuesday, January 6.

The antidumping duties in question are expected to be about 25 percent for steel wire rods from China and about four percent for Moldovan steel rod imports.
 
The duties are being imposed in response to a complaint from the European Confederation of Iron and Steel Industries (Eurofer), whose members include steel giants such as ArcelorMittal and Thyssen Krupp AG, which alleged that Chinese and Moldovan producers were dumping their products in the Europian Union at prices below the cost of production.

The EU imported about €713 million worth of steel rods from China and Moldova in 2007.

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