21:19 GMT +323 September 2017
Live
    Chinese national flag. (File)

    EU Slaps Anti-Dumping Duties on Chinese Steel Imports Angering Beijing

    © AP Photo/ Andy Wong
    Business
    Get short URL
    123427

    The European Commission imposed Thursday anti-dumping duties on Chinese hot-rolled flat steel, claiming "heavily dumped" prices gave Chinese imports an unfair edge over EU firms.

    MOSCOW (Sputnik) — The new duties on steel range between 18.1 percent and 35.9 percent and will be in place for an initial period of five years. Hot-rolled flat steel is used in cars, energy pipelines and shipbuilding.

    "These measures will shield the EU steel producers from the damaging effects of Chinese dumping," the EU’s executive arm said.

    Wang Hejun, a lead investigator at the Chinese Ministry of Commerce, accused the European Union of acting unfairly and irrationally and vowed to take action to protect Chinese producers.

    Related:

    German Foreign Minister Urges EU to Sue US Over ‘Unfair’ Dumping Duties on Steel
    Beijing Blasts Washington for Plans to Launch High Taxes on Chinese Steel
    TransCanada Confirms to Use 75% of North American Steel for Keystone Pipeline
    Tags:
    steel, European Union, China
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment