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Home Steel News EU continues AD tariffs on stainless steel fasteners from China and Taiwan for another five years
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EU continues AD tariffs on stainless steel fasteners from China and Taiwan for another five years

6 Jan 2012 15:55 reported by Kate Hsieh

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Reportedly, that the EU has renewed tariffs on stainless steel screws and blots from China and Taiwan for another five years.

The EU imposed the import duties as high as 27.4% on stainless steel fasteners.

There is a likelihood of continuation of dumping on the union market in case the current anti-dumping measures are removed.

In the background, the combination of Chinese and Taiwanese share of EU stainless steel fasteners was 7.2% in the 12 months through September 2010 compared with 6.9% in 2007.

Antidumping rates are up to 23.6% for Taiwan and as high as 27.4% for China. The duties automatically stayed in place during the probe into whether to prolong them.

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