European Union Terminated Anti-dumping Investigations On Products From China
According to a report from China Trade Remedy Information Network on July 21, the European Commission issued an announcement on the 17th that as the applicant withdrew the lawsuit, the Commission decided to terminate anti-dumping investigations on cast iron products originating in China and not implement anti-dumping measures.
It is reported that on December 10, 2016, the European Commission announced that it initiated an anti-dumping investigation on cast iron products originating in or imported from China, and made a final ruling on January 30, 2018, deciding to impose 15.5%～38.1% on the products involved in the case of anti-dumping expenses.
Later, on December 18, 2019, an anti-dumping investigation was initiated against Chinese cast iron products. However, with the announcement issued by the European Union on the 17th, the case finally came to an end.
In fact, the EU has repeatedly implemented anti-dumping measures against Chinese steel products in recent years.
According to a report from Xinhua News Agency on February 8, 2018, the European Commission announced on the same day that it had made a final anti-dumping investigation against Chinese corrosion-resistant steel products and decided to impose an anti-dumping fee of 17.2% to 27.9% on the above-mentioned products within 5 years.
As of February 2018, a total of 53 anti-dumping measures on EU imports of steel are in effect, of which 27 are from China.
China has also responded to the EU’s frequent economic and trade remedy investigations on Chinese steel products. The Director of the Trade Remedy and Investigation Bureau of the Ministry of Commerce of China has said that China has always adhered to market rules and hopes that the European side can fulfill relevant obligations and give Chinese companies fair treatment in anti-dumping investigations. The easy trade remedy measures cannot solve practical problems.
It is worth noting that China is the world's largest steel exporter. According to data from the General Administration of Customs of China, from January to December 2019, my country's steel exports totaled 64.293 million tons. At the same time, the European Union's demand for steel is increasing. According to the latest data from the European Steel Union, the European Union's steel imports in 2019 were 25.3 million tons.
China has always had steel trade with the EU, but the EU has repeatedly initiated anti-dumping investigations against Chinese steel and levied fees, which to a certain extent also increased import fees for the country's steel importers.
It is not difficult to see that the EU's move may put some pressure on the country's importers. Now, the EU terminates anti-dumping investigations on Chinese cast iron products, which is undoubtedly good news for the steel trade between China and the EU.
Posted by stainless steel pipe fittings supplier KAYSUNS