Steel News

We strive to let you one step ahead of the market.

European Public Prosecutor’s Office investigates steel import tax fraud

8 Feb 2025 16:27 reported by William Cruz Molina

A A A
Earlier this week, the European Public Prosecutor's Office (EPPO) announced that it is currently investigating a suspected tax evasion case linked to steel imports from a mechanical engineering company to Germany. Allegedly, the company falsely declared the origin of steel products as the UK in over 100 customs clearance applications. 

According to the investigation, the steel came from India and was rerouted through the UK before being imported into Germany. In view of the current EU customs regulations, declaring the steel as being of Indian origin would have faced 25% higher import duties.  The resulting losses to public finances are estimated at several hundred thousand euros.

The EPPO is the independent prosecutorial body of the European Union. It is responsible for investigating, prosecuting, and trying crimes against EU financial interests.

Back to Steel News

Related News

Metinvest’s Italian plant set to lead EU in modern steelmaking

  • Industry Activities
  • 27 Mar 2025 15:53

Steel prices may be driven up by China’s 10% production cuts in Xinjiang

  • Industry Activities
  • 27 Mar 2025 15:40

India’s SAIL partners with McKinsey for digital transformation program

  • Industry Activities
  • 27 Mar 2025 15:39

CSC Solar leases land for solar energy development

  • Industry Activities
  • 27 Mar 2025 15:39

Chile's Aceros AZA inaugurates country’s most modern scrap metal shredder

  • Industry Activities
  • 27 Mar 2025 15:38

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,929.50
  • 2,952.00
  • Aluminum
  • 2,599.50
  • 2,616.00
  • Copper
  • 9,883.00
  • 9,908.00
  • Nickel
  • 15,950.00
  • 16,190.00

Learn more

Coil Exchange Center

Learn more