EU to start AD probe for wire rods from China, Turkey and Moldova

12/05/2008 12:00 - 879 Views

Bloomberg reported tat European Union has threatened to tax wire rod from China, Turkey and Moldova to help EU producers compete against cheaper imports, opening the fourth probe that targets Chinese steel in five months. The probe covers EUR 1.2 billion of imports of wire rods.

EC said that the investigation will determine whether wire rod is being dumped and whether this dumping has caused injury.

The commission has nine months to decide whether to impose provisional anti dumping duties for half a year and EU governments have 15 months to choose whether to apply definitive levies for five years.

The probe stems from a March 25th 2008 complaint by the EUROFER, which represents wire rod manufacturers in EU including Corus, ArcelorMittal, Badische Stahlwerke GmbH, Lucchini SpA and Celsa Group.

May 08, 2008

Source: steelguru.com