Europe plans to impose duties on Asian steel imports

The European Commission yesterday announced that it plans to impose duties on stainless steel producers "Stainless Steel" from China, Taiwan and Indonesia, on suspicions of dumping of these companies in the European market, which would be in the interest of European steel companies. Autocombo Oy and Acerinox.
The Commission, the executive body of the European Union, has opened an investigation into the prices of stainless steel sheet exporters (China, Taiwan and Indonesia) and on the verge of knowing whether or not they sell their products on the European market at a lower cost, reported Bloomberg.
The investigation focuses in particular on hot-rolled steel sheet and wire used in the manufacture of other types of steel and in the manufacture of tubes. Last year, the European Union imported about 900 million euros of cold-drawn stainless steel sheet and wire from around the world, according to the European Union of Producers. # 39; stainless steel.
The investigation will determine whether shipments of steel from China, Taiwan and Indonesia to the EU are "dumped" and whether these imports are damaging to the industry European Union ", announced Monday the European Commission in its official journal.
The European investigation came in response to a complaint lodged by the "Eurovir" Union on June 28 on behalf of four European companies active in the field of stainless steel production.