"China has decided to impose antidumping duties ranging from 6.1 percent to 26 percent on imports of certain iron or steel fasteners from the EU, effective as of June 29, 2010," said a statement released on the official website of the Ministry of Commerce (MOC) of China on June 28.
The MOC said China's domestic industry for the manufacture of certain iron or steel fasteners had suffered substantial damages caused by the dumping of these products by the EU in Chinese domestic markets.
The tariffs will be effective for a period of five years, according to the statement. The HS Codes for the products concerned under the Customs Import Tariff of the People's Republic of China are 73181200, 73181400, 73181500, 73182100 and 73182200.