LONDON The European Unions Council of Ministers has imposed anti-dumping and countervailing duties on imports of certain coated steel products from China.
It set an anti-dumping tariff of 13.6 percent for deliberate underpricing by Chinese exporters and a countervailing duty of 44.7 percent for Beijings indirect and direct support of local producers.
The duties apply to flat-rolled non-alloy and alloy steels (not including stainless), painted, varnished or coated with plastic on at least one side, with two outer metal sheets and a stabilizing core of insulation material.
Imports of the product from China rose to 702,452 tonnes between October 2010 and September 2011, taking 14.6 percent of the E.U. market, up from 464,582 tonnes (a 10.2-percent market share) in 2010, an investigation determined. E.U. manufacturers market share fell to 53.9 percent (2.5 million tonnes) from 58.1 percent (2.6 million tonnes) in the same comparison.
Chinese exporters were said to have undercut E.U. manufacturers by up to 68 percent, sparking a formal complaint by Eurofer, whose steelmaker members account for 70 percent of E.U. organic coated steel capacity.
A version of this article was first published by AMM sister publication Steel First.