China Puts Tariffs on EU Fastener Imports
China will impose antidumping tariffs on certain types of carbon steel fasteners from the European Union after determining EU imports had hurt domestic producers, according to China’s Ministry of Commerce.
The duties, ranging from 16.8% to 24.6%, will reportedly begin on December 28.
China decided that the carbon steel fastener industry had suffered material damages due to the dumping of EU imports. During the first nine months of 2008 China imported 21,300 tons of carbon steel fasteners, taking up 9.74% of the Chinese market.
China started probing EU carbon fastener imports in early 2009 after the European Commission adopted antidumping duties averaging 85% on certain Chinese fasteners, concluding that Chinese producers had flooded the market with fasteners at 30% to 50% below European prices.
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