EU imposes anti-dumping duties on Chinese steel products
Source: www.chinamining.org Citation: Xinhua Date: April 10, 2017
The European Commission decided on Thursday to impose anti-dumping duties on hot-rolled flat steel products from China.
The European Commission, or the European Union (EU)`s executive arm, said these products had been sold in Europe at heavily dumped prices. The new anti-dumping duties range between 18.1 percent and 35.9 percent and will be in place for an initial five years.
A Chinese Ministry of Commerce statement on Thursday quoted Wang Hejun, head of the ministry`s trade remedy and investigation bureau, as saying that the EU continued the use of the unfair and unreasonable "surrogate country approach" in the investigation, which resulted in artificially-determined high anti-dumping duties for Chinese products and thus seriously undermined Chinese enterprises` interests.
Wang said the EU`s conclusion lacks factual grounds, urging the EU to correct wrongdoings. He said China will take necessary measures to protect the interests of Chinese enterprises.
Hot-rolled flat steel is commonly used in construction, gas containers, cars, pressure vessels and energy pipelines.
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