FIN Roundup of Fastener and Wire Tariffs
FEATURE
Tariffs on fasteners and wire rod have grown in the global economic downturn, and not just among major importer and exporter countries. India, Malaysia, Turkey and South Africa have been embroiled in trade disputes, along with the U.S., the European Union, Canada, China and Russia.
Here are some of the tariff stories GlobalFastenerNews.com is following.
Canada Continues Tariffs on Fasteners from China and Taiwan
The Canadian International Trade Tribunal upheld tariffs on certain carbon steel fasteners from China and Taiwan (Inquiry No. NQ-2004-005) while ending tariffs on stainless steel fasteners from those countries.
Nucor Fastener Appeals ITC Vote, Presses Tariff Case Against China and Taiwan
Nucor Fastener has appealed the unanimous decision by the U.S. International Trade Commission to reject Nucor Fastener’s antidumping and countervailing petitions against certain standard fasteners from China and Taiwan.
China Imposes Tariffs on EU Carbon Fastener Imports
China imposed 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 decision comes months after EU placed duties on Chinese fasteners.
India Contests EU Fastener Tariff Claims
The Indian government is working to counter claims from the European Union that stainless steel fasteners from India and Malaysia are being dumped in Europe.
The European Commission launched antidumping and countervailing investigations in August following a June 30 complaint by the European Industrial Fasteners Institute.
WTO Opens Probe On EU Fastener Tariffs
The World Trade Organization opened its investigation into whether European Union tariffs on Chinese fasteners comply with international commerce rules. The EU reportedly waived its opportunity to delay the probe, saying it is “strongly convinced of the strength of its case.”
EU Approves Duty on Chinese Wire Rod
Foreign ministers from all 27 members of the European Union approved “definitive” antidumping duties of up to 24% on steel wire and rod imports from China starting August 1, 2009 and continuing for five years. The action must now be approved by member states.
EU Stainless Producers Allege Dumping from India and Malaysia
The European Industrial Fastener Institute (EIFI) lodged a complaint with the European Commission in June alleging dumping of stainless steel fasteners by India and Malaysia.
Sunset review of South African AD Measures
The South African International Trade Administration Commission (ITAC) has issued notice that antidumping duties applied in 2005 to bolts and nuts imported from People’s Republic of China and nuts imported from Taiwan applied in June 2005 will expire during 2010. Manufacturers were invited to submit a ‘duly substantiated request’ indicating that the expiry would lead to the continuation of dumping or injury.
EU Adopts 24% Tariff on Chinese Wire Rod
The European Union approved a 24% antidumping duty on steel wire and rod imports from China starting August 1, 2009 and continuing for five years.
Russia Initiates Antidumping Probe on Fasteners From All Countries
The Russian Federation of Ministry of Industry & Trade has initiated an antidumping investigation on imported steel bolts and nuts from all countries.
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