EU anti-dumping tariffs on GOES imports revealed
European Union, Brussels: Referring to sources familiar with the European Commission proposal of the imposition of anti-dumping duties on imports of grain-oriented electrical steel (GOES) to be enforced next month, Reuters has revealed the countries and tariffs covered by the proposition.
European Union, Brussels: Referring to sources familiar with the European Commission proposal of the imposition of anti-dumping duties on imports of grain-oriented electrical steel (GOES) to be enforced in the European Union next month, Reuters has revealed the countries and tariffs covered by the proposition.
The Commission plans to set tariffs of between 21.6 per cent for Russian imports and 35.9 per cent for Japanese imports of GOES following a complaint filed in June 2014 by the European steel producers association, Eurofer.
Duties will also cover imports from China (28.7 per cent), the United States (22 per cent) and Korea (22.8 per cent).
The Commission will present its proposal to EU member states this week and by 14 May will put in place the duties, which are provisional pending the outcome of an investigation due to end in November.
Grain-oriented electrical steel is made by only 16 producers worldwide – ArcelorMittal, Stalprodukt, Tata Steel and ThyssenKrupp in Europe, while non-European producers include AK Steel, Russia’s NLMK, Korea’s Posco, Japan’s Nippon Steel and Sumitomo Metal Corp, China’s Baosteel and Wuhan Iron and Steel Corp.
Source: Reuters
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