23rd Oct 2016


China imposes tariffs on EU steel imports

China has announced import tariffs on steel used in the manufacture of large generators and electricity transformers from the European Union, Japan and South Korea, reports the Associated Press. China described the move as an anti-dumping duty to help secure local and national steel industries. The duties, ranging from 37.3 percent to 46.3 percent, are set to last for five years.

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