The European Commission said on Friday it had extended anti-dumping tariffs on stainless steel fittings from China and Taiwan for five years and extended them to Malaysia.
A review of the measures by the Commission concluded that the removal of tariffs would result in ongoing dumping in the European Union market, amounting to about 100 million euros ($111 million) a year.
Measures in place since 2017 on stainless steel pipes and fittings have been extended to Malaysia as an investigation found that Chinese manufacturers used assembly operations there to evade applicable tariffs.
Tariffs range from 5.1% to 12.1% for Taiwan and from 30.7% to 64.9% for China. The import rate from Malaysia is 64.9%.
Two manufacturers that the Commission determined were indeed Malaysian - Pantech Stainless and Alloy Industries and SPI United - will be exempt from the measures.
EU extends stainless steel tariffs for China and Taiwan
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Azovpromstal® 21 April 2023 г. 11:59 |
