EU imposes definitive dumping duties on Chinese steel tube imports (updated)

Ta Chen Stainless Pipe Co

27/01/2017 08:50

(Adds Chinese Commerce Ministry comment) 
    BRUSSELS, Jan 27 (Reuters) - The European Union has imposed 
definitive anti-dumping duties on Chinese imports of stainless 
steel tubes and pipe butt-welding fittings to protect its 
industry from steel overcapacity. 
    In a notice published in the official journal on Friday, the 
European Commission said it was imposing definitive anti-dumping 
duties after an investigation on a number of Chinese and 
Taiwanese companies ranging from 5.1 percent to 64.9 percent. 
    King Lai Hygienic Materials Co. will face an import duty of 
5.1 percent on its imports to the EU while Zhejiang Good 
Fittings Co. will face a more hefty duty of 55.3 percent. 
    China's Commerce Ministry said it had "serious doubts" about 
the decision, which had severely harmed the interests of Chinese 
companies, adding such hasty protectionist moves would only 
damage global trade. 
    "China is willing to strengthen exchanges and communication 
with the EU side, to appropriately resolve the issues facing the 
steel industry at the moment," it said. 
    The EU has imposed duties on a wide range of steel grades 
after investigations over the past few years to counter what EU 
steel producers say is a flood of steel sold at a loss due to 
Chinese overcapacity. 
    The EU has imposed anti-dumping duties on several Chinese 
steel products such as cold-rolled flat steel and stainless 
steel cold-rolled flat products.  urn:newsml:reuters.com:*:nL5N1794B3 
    It has also opened investigations into Chinese imports of 
heavy plate, hot-rolled, iron or steel seamless pipes. 
 
 (Reporting by Julia Fioretti; Additional reporting by Ben 
Blanchard in Beijing; Editing by Susan Thomas) 
 ((julia.fioretti@thomsonreuters.com; +32 2287 6875; Reuters 
Messaging: julia.fioretti.thomsonreuters.com@reuters.net)) 
 
Keywords: EU STEEL/CHINA