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The European Commission said on Wednesday August 5 that it had expanded anti-dumping duties on imports of Chinese corrosion-resistant steel to prevent manufacturers from avoiding existing duties by slightly altering the material exported, Reuters reported.
In February 2018, the European Union imposed duties ranging from 17.2% to 27.9% on imports of certain anti-corrosion steels from China to counter unfairly low prices.
The Commission said that these anti-dumping measures drove imports of these products to near zero, but at the same time, imports of other anti-corrosion products rose to about 1 million tons, or € 650 million ($ 769.28 million) per year.
An investigation into this matter was launched in November 2019.
The extended duties will apply to corrosion-resistant steel products modified with electroplating or magnesium plating, silicon alloy, additional surface treatment or slightly altered composition.
The commission said the renewal of the anti-dumping duties will apply to all Chinese exporters, with the exception of one unnamed cooperating company.
