EU extends Chinese anti-dumping duties to two more steel products

The European Commission on Friday added two new steel products to a list of Chinese goods hit with anti-dumping duties aimed at protecting EU manufacturers against cheap imports.

European industry has come under pressure due to global overproduction in steel products, which has driven down prices. China's excess production has generated particular concern among other steel producing nations.

The European Union already has more than 100 trade defence measures in place, 15 of which relate to unfair steel product imports from China.

On Friday, the bloc provisionally added hot-rolled flat steel and heavy plates of steel to that list, arguing that both were being sold in Europe at "heavily dumped prices." The EU's executive has six months to decide whether to make the measures permanent.

Heavy steel plates imported from China will now be hit with duties ranging between 65.1 and 73.7 per cent, while the surcharge on hot-rolled flat steel will be between 13.2 and 22.6 per cent.

"This should restore the profitability of the European heavy plates' producers and prevent damage to the companies involved in the production of hot-rolled steel products," the commission said.

Heavy steel plates are used in buildings, bridges and oil platforms, among other things, while hot-rolled steel finds its way into goods ranging from energy pipelines to gas containers and ships.

Last update: Fri, 07/10/2016 - 14:12

More from Europe

Greece can receive new 2.8-billion-euro aid tranche, EU sources say

Greece's creditors are expected this week to approve a further 2.8 billion euros (3.1 billion dollars) in bailout...

Northern Ireland Christian bakers lose appeal in row over "gay cake"

A Northern Irish bakery lost its appeal against a court ruling that said it discriminated against a gay man by...

Mystery over identity of French killed in Maltese plane crash

Five French nationals were killed when a military aircraft crashed on take-off from Malta on Monday, the Maltese...

Belgian regional parliament digs in heels on EU-Canada trade deal

Last-ditch efforts to salvage a free trade deal between the European Union and Canada on Monday are bound to fail, a...

Lithuania president wants to "restore ruined confidence" after polls

Lithuanian President Dalia Grybauskaite on Monday called for "responsible solutions" from the centrist Peasants and...