Save
Print[Ferro-Alloys.com]It is reported that the European Union threatened to renew tariffs on a ferroalloy from China and Russia for another 5 years while letting similar levies against Kazakhstan and Egypt lapse.
The EU said that it would examine whether to re impose the duties on imports from China and Russia of ferrosilicon which is used by steelmakers such as ArcelorMittal. The import taxes punish Chinese and Russian producers of ferrosilicon for selling it in the EU below cost a practice known as dumping.
The review will determine whether the expiry of the measures would be likely to lead to a continuation or recurrence of dumping and a continuation or recurrence of injury to the EU industry the European Commission the bloc’s trade authority in Brussels, said that in the Official Journal. A regular re imposition of the levies would be for 5 years.
The levies as high as 31.2% for China and up to 22.7% for Russia were due to end tomorrow along with the measures against Kazakhstan and Egypt and will now stay in place during the probe which may last as long as 15 months.
The review of the duties results from a November 28th request by a group called Euroalliages on behalf of European producers that account for more than a quarter of the EU’s output of ferrosilicon according to the commission. It didn’t identify any EU producers.
The expiring levies are 33.9% for Kazakhstan and as much as 18% for Egypt. When it imposed the anti dumping duties 5 years ago the EU also targeted the Republic of Macedonia with a 5.4% levy. The 27 nation bloc repealed that measure at the end of 2009.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editor]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Online inquiry
Contact
Tell Us What You Think