Brussels beats China, Indonesia and Taiwan with tariffs on stainless steel
The Brussels Commission protects the European stainless steel market with duties on products arriving from Indonesia, China and Taiwan
The European Commission has imposed definitive anti-dumping duties on imports of sheets and coils, of stainless steel and hot-rolled steel arriving in the Old Continent from Indonesia, China and Taiwan.
The move aims to preserve EU producers located mainly in Belgium, Italy and Finland.
THE INTRODUCTION OF DUTIES
The Commission has introduced, according to the Official Journal of Europe, "a definitive anti-dumping duty on imports of flat rolled products, of stainless steels, including coils (including products cut to size and in narrow strips), simply hot rolled, with the exception of products, not rolled up, with a width of 600 mm or more and a thickness of more than 10 mm, currently classified with the codes SA 7219 11, 7219 12, 7219 13, 7219 14, 7219 22, 7219 23, 7219 24 , 7220 11 and 7220 12 and originating in the People's Republic of China, Taiwan and Indonesia ".
THE TAX
In particular, the Commission introduced a duty of 17.3% on imports from Indonesia, up to 19% on imports from China and up to 7.5% for imports from Taiwan.
THE INVESTIGATION
The investigation started after a complaint lodged on 28 June 2019 by the European Steel Association ("Eurofer") on behalf of four Union producers representing the totality of Union production of the product under investigation, the Journal reads .
PROVISIONAL DUTIES
Following the first verifications, already on 8 April 2020, the Commission imposed a provisional anti-dumping duty on imports into the Union of SSHR products originating in Indonesia, the People's Republic of China and Taiwan via Implementing Regulation (EU) 2020 / 508 of the Commission ("the provisional regulation").
56 TOTAL MEASURES TO PROTECT STEEL
The new measure, Il Sole 24 Ore writes, brings the total number of European trade defense measures on steel to 56. In this way, Europe tries to protect almost 200,000 jobs in the steel industry, including 2,350 jobs that will be protected thanks to today's decision.
DUTIES STUDY ON FIBER OPTIC CABLES
In recent days, the European Commission has also launched an investigation to verify the terms and conditions of imports of optical fiber cables from China, used among others by Vodafone, Orange, Open Fiber, Retelit and Sirti.
It all started with a complaint from Europacable, which presented the complaint to the European Commission on behalf of the associated producers: Prysmian Group, Corning, Nexans, Acome, Tkf, Stl, Reka Cables, Italian Cable Company, Ofs, Hellenica Cables, Kabelwerk Rhenania, Leoni, Leviton, Sipd, Hexatronic, Skb, AmoKabel and Top Cable ( details here ).
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/bruxelles-picchia-su-cina-indonesia-e-taiwan-con-dazi-su-acciaio-inox/ on Wed, 07 Oct 2020 05:16:23 +0000.