Tuesday

21st Aug 2018

EU imposes anti-dumping duties on China and Russia

  • EU imposed 36.1 percent the maximum rate on Russian companies (Photo: Renate Meijer)

The EU on Thursday (4 August) imposed anti-dumping measures against some China and Russia steel following industry complaints from the European Steel Association.

"They will be in place for five years and for the first time will also be levied retroactively," EU commission spokeswoman Mina Andreeva told reporters in Brussels.

Read and decide

Join EUobserver today

Support quality EU news

Get instant access to all articles — and 18 year's of archives. 30 days free trial.

... or join as a group

The sanctions, levied on steel sales from last December onward, hit cold rolled steel used in products like cars and washing machines.

Andreeva said the move was needed "to fight unfair imports of steel products."

The EU commission had also provisionally imposed tariffs in February.

The latest duties range up to 22.1 percent for Chinese and up to 36.1 percent for Russian companies.

China's steel groups Shougang and Angang along with Russian operators Severstal and Magnitogorsk Iron & Steel Works are among those targeted.

China produces around half of the world's steel supply and had pledged to cut production earlier this year.

But Bloomberg reports the Chinese and Russian companies have allegedly sold some €4.5 billion, below market cost in the EU.

EU countries say the below market costs and subsidies put thousands of jobs at risk.

Europe's €166 billion steel production annual turnover accounts for 1.3 percent of the EU's GDP and directly provides 328,000 jobs.

EU trade commissioner Cecilia Malmstroem earlier this year accused Chinese firms of overproduction.

China's commerce minister, for its part, said on Thursday it regretted the EU commission decision.

"This move amplifies legal uncertainty and gravely affects normal international trade," the ministry said, in a statement.

China, late last month, also imposed five-year anti-dumping duties on steel imports from the EU, Japan, and South Korea.

The Chinese tariffs hit grain-oriented electrical steel, used in the manufacture of large generators and electricity transformers.

Opinion

Steel overcapacity crisis - from Europe to China

While the debate has escalated about China’s steel overcapacity, it is not exactly new. The first postwar steel crisis occurred in the US and Europe. Beijing seeks to avoid a deja vu of bad policies.

Analysis

Greece exits bailouts, but difficult path ahead

"Greece's recovery is not an event, it is a process," EU commissioner Pierre Moscovici says. Statistics, and differences of views between the country's creditors, show that the process will not be easy.

EU gets record response on 'summertime' consultation

The EU Commission has received several million responses from citizens, businesses, and organisations on whether to end the daylight summertime savings. Any tangible change would take ... time.

News in Brief

  1. EU Commission: efforts 'ongoing' over Italian migrant ship
  2. Italy allows boat with migrants to dock
  3. France's Total pulls out of Iran due to US sanctions
  4. Trump accuses EU and China of currency manipulation
  5. Swedish conservatives regret unsuccessful integration policies
  6. Record high measles cases hit Europe
  7. Swedish politician declares war on media
  8. Italy threatens to return migrants to Libya

Opinion

Has the time finally come for 'European champions'?

Since Emmanuel Macron took the French presidency in 2017, the concept of consolidating European industries to create continental 'champions', capable of competing on a global scale, has been revived.

EU 'tax lady' hits Google with record fine

Margrethe Vestager has fined the US tech giant with €4.34bn for abusing its market dominance in mobile operating systems - but assured US president Donald Trump that it is not because she does not like America.

Stakeholders' Highlights

  1. ACCACompany Law Package: Making the Best of Digital and Cross Border Mobility,
  2. IPHRCivil Society Worried About Shortcomings in EU-Kyrgyzstan Human Rights Dialogue
  3. UNESDAThe European Soft Drinks Industry Supports over 1.7 Million Jobs
  4. Mission of China to the EUJointly Building Belt and Road Initiative Leads to a Better Future for All
  5. IPHRCivil society asks PACE to appoint Rapporteur to probe issue of political prisoners in Azerbaijan
  6. ACCASocial Mobility – How Can We Increase Opportunities Through Training and Education?
  7. Nordic Council of MinistersEnergy Solutions for a Greener Tomorrow
  8. UNICEFWhat Kind of Europe Do Children Want? Unicef & Eurochild Launch Survey on the Europe Kids Want
  9. Nordic Council of MinistersNordic Countries Take a Stand for Climate-Smart Energy Solutions
  10. Mission of China to the EUChina: Work Together for a Better Globalisation
  11. Nordic Council of MinistersNordics Could Be First Carbon-Negative Region in World
  12. European Federation of Allergy and AirwaysLife Is Possible for Patients with Severe Asthma

Latest News

  1. UK sanctions appeal risks highlighting EU divisions
  2. Wind delays launch of European wind-mapping satellite
  3. Greece 'normal' again after end of crisis, EU says
  4. Putin strikes blow against Russia's isolation by Europe
  5. EU-China cooperation on CO2 storage lost in limbo
  6. Greece exits bailouts, but difficult path ahead
  7. EU gets record response on 'summertime' consultation
  8. 'Nativism' and the upcoming Swedish and Bavarian elections

Join EUobserver

Support quality EU news

Join us