European Union Places New Duties On Seamless Pipes
As The Associated Press reported last Friday, the European Union has taken new actions to address Chinese steel overcapacity. After an investigation proved that Chinese seamless pipes were being sold in Europe at dumped prices, the European Commission announced it would impose duties on Chinese exports of those products. The duties will range from 29.2 percent to 54.9 percent.
According to The Associated Press, Commission spokesman Margaritis Schinas said, “This is another clear example of how we're using the available toolbox of trade defense instruments to address unfair imports of steel.” The European Union already has put in place duties on Chinese stainless steel and Chinese butt-welded pipefitting.