EU Imposes AD Duty on Wire Rod Imports from China
Strategic Research Institute
Published on :
14 Oct, 2021, 4:46 am
The European Commission has imposed a definitive antidumping duty on imports of wire rod originating in China following an expiry review of previous measures. Upon completion of the investigation, the European Commission imposed a definitive antidumping duty is hereby imposed on imports of bars and rods, hot rolled, in irregularly wound coils, of iron, non alloy steel or alloy steel other than of stainless steel originating in the People's Republic of China. The duty rates are 7.9% for Valin Group and 24% for all other Chinese companies.
EC said “Although the anti-dumping measures in force prevented dumped imports from the PRC to enter the Union market to a large extent, the Union industry suffered material injury during the review investigation period and its situation is fragile, as confirmed by the negative trends of the injury indicators. The Commission established that there is a strong likelihood of recurrence of injury originally caused by imports from this country should the measures expire. The influx of substantial volumes of dumped imports from the PRC would cause further injury to the Union industry. This would worsen the already very fragile economic situation of Union industry and threaten its viability. The Commission thus concluded that the maintenance of the anti-dumping measures against the PRC is in the interest of the Union industry.”
The review request was submitted on July 14, 2020, by the European Steel Association EUROFER on behalf of EU producers representing around 60% of the total production of wire rod in the region. The request for review was based on the grounds that the expiry of the measures would likely result in recurrence of dumping and injury to the Union industry.
The review investigation period covered the period from 1 July 2019 to 30 June 2020. The examination of trends relevant for the assessment of the likelihood of a continuation or recurrence of injury covered the period from 1 January 2017 to the end of the review investigation period.
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