China concerned by Europe’s anti steel dumping duties

China concerned by Europe’s anti steel dumping duties
01/03/2017 , by , in ALLIED

China’s Commerce Ministry said it was “seriously concerned” by what it said was Europe’s increasing protectionism in the steel industry after regulators slapped anti-dumping duties on certain types of plate steel imports from the world’s top producer. In a statement the government called on Europe to treat Chinese companies “fairly and impartially” and said it was ready to strengthen communication with the EU to tackle issues in the industry.

The European Commission imposed definitive anti-dumping duties ranging between 65.1 percent and 73.7 percent on imports of certain heavy plate non-alloy or other alloy steel from China. The final ruling comes after regulators set provisional tariffs in October.

The companies named in the ruling included Nanjing Iron & Steel Co Ltd, Minmetals Yingkou Medium Plate Co Ltd, Wuyang Iron and Steel Co Ltd and Wuyang New Heavy & Wide Steel Plate Co Ltd.

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