The EU may raise the anti-dumping tax rate of our rebar

Release time:

2020-09-29

It is reported that the EU plans to raise the anti-dumping duty rate on Chinese rebar, which may be 18.4-22.5 per cent, much higher than the temporary anti-dumping duty rate of 9.3-13 per cent imposed in January. The European Commission said that the increase in the anti-dumping duty rate was made after adjusting its calculations, including revising the normal profit margin of EU steel mills, and certain other factors. Market participants believe that this move is aimed at eliminating the damage caused by dumped imports to the EU steel industry, and the previous "light tariffs" have been criticized by local steel companies for providing inappropriate protection for unfair trade imports. From this point of view, the European Commission has moved to tighten trade defense measures and abolish the so-called low-tax rule. In April last year, at the request of the European Iron and Steel Union, the European Commission began an anti-dumping investigation on imports of rebar from China, but the European Commission is still considering whether to retroactively anti-dumping duties. It is understood that since the beginning of this year, the EU's anti-dumping against Chinese steel has been fierce. In January, it began to impose temporary anti-dumping duties on rebar imported from China. In February, it imposed temporary anti-dumping duties on Chinese cold-rolled coils. In addition, it also announced the launch of anti-dumping investigations on thick plates, hot coils and seamless pipes.

It is reported that the EU plans to raise the anti-dumping duty rate on Chinese rebar, which may be 18.4-22.5 per cent, much higher than the temporary anti-dumping duty rate of 9.3-13 per cent imposed in January.
The European Commission said that the increase in the anti-dumping duty rate was made after adjusting its calculations, including revising the normal profit margin of EU steel mills, and certain other factors. Market participants believe that this move is aimed at eliminating the damage caused by dumped imports to the EU steel industry, and the previous "light tariffs" have been criticized by local steel companies for providing inappropriate protection for unfair trade imports. From this point of view, the European Commission has moved to tighten trade defense measures and abolish the so-called low-tax rule.
In April last year, at the request of the European Iron and Steel Union, the European Commission began an anti-dumping investigation on imports of rebar from China, but the European Commission is still considering whether to retroactively anti-dumping duties.
It is understood that since the beginning of this year, the EU's anti-dumping against Chinese steel has been fierce. In January, it began to impose temporary anti-dumping duties on rebar imported from China. In February, it imposed temporary anti-dumping duties on Chinese cold-rolled coils. In addition, it also announced the launch of anti-dumping investigations on thick plates, hot coils and seamless pipes.