EU Imposes Tariffs on Import of Steel Wheels from China

11/10/2019 12:00 - 416 Views

The European Union has imposed tariffs on imports of steel wheels from China. The rates of the provisional anti-dumping duties are 50.3% against 19 specifically named Chinese exporters including Zhejiang Jingu and Xingmin Intelligent Transportation Systems and 66.4% for all others. The levies, due to take effect Friday, will last six months and may be prolonged for five years.

The anti-dumping duties represent the preliminary outcome of a probe opened in February on the basis of a dumping complaint by the Association of European Wheel Manufacturers. EU has 11 manufacturers of steel road wheels, which took the unusual step of declining to identify any of them on grounds of a fear of retaliatory measures by some of their customers

Chinese exporters’ combined share of the EU market for steel road wheels doubled to 5.3% last year compared with 2015

Source: SteelGuru