• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

EU approves to impose punitive import duties on Chinese steel pipes

  • A
  • A
  • A
The European Union (EU) governments approved to impose punitive import duties on Chinese steel pipes used in energy sectors for five years. Reuters reported.

It’s known that a majority of diplomats approved a proposal to impose tariffs worth up to about 68% on Chinese steel pipe imports, worth €500 million a year.

In the background, Germany's Salzgitter and Spanish steel tubes maker Tubacex appealed to the EU authorities to investigate against their Chinese rivals as the stainless steel tubes and pipes from China were sold in the European market with lower prices, hurting their profits.

Meanwhile, the 68% of punitive import duties will become effective in the end of 2011 to replace the current 71.5%.
News Date 27 Oct 2011 13:39:34 reported by Andy

EU launches anti-dumping investigation on imports ...
Government policies
23 Jun 2017 11:23
EU adopts the new AD duties on the third countries...
Government policies
23 Jun 2017 11:21
Turkey establishes WTO Panel to review US impose c...
Government policies
22 Jun 2017 12:01
Taiwan screw exports to US unaffect by trade sanct...
Government policies
22 Jun 2017 11:15
GCC to levy safeguards on imports of certain steel...
Government policies
22 Jun 2017 10:04
Most Popular