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Home Steel News EU considers to re-impose the AD duties on Chinese wire rod imports
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EU considers to re-impose the AD duties on Chinese wire rod imports

25 Aug 2014 11:12 reported by Mike Lo

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It is reported that European Union is considering in extending the duties of anti-dumping on the imports of Chinese wire rod for another five years to continue to protect the domestic market for the wire rod mills in Europe.

The tariff was initiated in 2009 by EU in light of the petition by the wire rod mills in EU such as Feralpi Siderurgica SpA, ArcelorMittal (MT), Corus Group Ltd. and etc. when EU importers have greatly imported Chinese wire rod from 0.3% in 2004 to 5% till March 2008.

The EU started a study to exam whether to re-impose the duties as high as 24% on Chinese wire rod to be used the construction sector. It is said that the anti-dumping duties could last as long as 15 months.

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