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
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.