EU uncovers fraud on Chinese plate imports

Thursday, 08 June 2023 12:09:50 (GMT+3)   |   Istanbul
       

The European Antifraud Office has found that an EU importer was buying Chinese heavy plates by means of untruthful import declarations to avoid antidumping duty, making its procurements under the wrong code. The total amount of financial damage caused across the EU amounts to €6.5 million.

The antidumping duties on the given product from China are in the range of 65.1-73.7 percent. Before the imposition of antidumping duties, China was the main source of imports for heavy plate accounting for 1.3 million mt in 2015, almost 50 percent of total EU imports.


Similar articles

Mexico eliminates AD/CVD on steel plate imports from Japan and Italy

30 Apr | Steel News

Ex-China steel plate prices edge up

29 Apr | Flats and Slab

US cut-length plate imports down 3.7 percent in March

26 Apr | Steel News

Romanian flats prices stable despite slower trade

26 Apr | Flats and Slab

Turkey’s plate prices mostly stable, supply reduced

26 Apr | Flats and Slab

Flat steel prices in local Taiwanese market - week 17, 2024

25 Apr | Flats and Slab

Stocks of main finished steel products in China down 5.4% in mid-April

25 Apr | Steel News

US cut-length plate imports down 6.2 percent in February

23 Apr | Steel News

Japanese crude steel output up 2.9 percent in March from February

23 Apr | Steel News

Ex-China steel plate prices move sideways, local prices expected to rise

22 Apr | Flats and Slab