DUMPING TAX ON CHEAP STEEL IMPORTS

European steel producers have won their battle to have anti-dumping duties slapped on cheap East European imports. Following a campaign by the European Seamless Steel Tube Industry, the European Commission has placed the duties on imports of hot and cold formed carbon seamless steel from four East European countries. The products covered are mainly commercial […]

European steel producers have won their battle to have anti-dumping duties slapped on cheap East European imports.

Following a campaign by the European Seamless Steel Tube Industry, the European Commission has placed the duties on imports of hot and cold formed carbon seamless steel from four East European countries. The products covered are mainly commercial and heavy wall tubes and line pipes, hot and cold finished.

Raymond Barbier, chairman of the defence committee of the seamless steel tube industry, said: `These imports, against a background of chronic overcapacity in production in the EU, have resulted in a severe crisis situation.’

Between 1992 and August 1996, employment in the EU industry fell by 35% or 3,000 direct jobs. The commission has set provisional anti-dumping duties of 5.2- 46.8% for the Czech Republic, 10.8-38.2% for Romania, 8.9% for Slovakia and 32.9% for Russia.

The measures apply to all imports made since 31 May this year and are valid for six months.