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The EU Seamless Tube Applied New Deal Steel Exports To China Are Affected Limited

Nov 29, 2016

Chinese securities network  according to foreign media reported , the EU imposed  Chinese seamless temporary new anti-dumping duties, the tax rate range of 43.5%-81.1%, the move is designed to protect the harm caused by overcapacity in the European steelmakers. The European Commission said that within six months to decide whether to finalize the anti-dumping measures, and the limited extension for a period of five years.

It is reported that the anti-dumping tariffs for seamless steel pipes, this kind of product in a power plant, the construction industry and the oil and gas industry are widely used. The European Commission said Monday that the survey shows that China products in Europe was in serious dumping price sales.

The reporter learned from the industry, the ruling for seamless anti-dumping case ruling, not to raise tariffs on all China steel products, so the overall steel exports to the actual impact is limited.

In recent months, China's steel exports continued to decline. The General Administration of customs data show that in October 2016 China's steel exports 7 million 700 thousand tons, down 1 million 100 thousand tons, down 14.6%; 1-10 months of total exports of steel 92 million 740 thousand tons, an increase of 0.7%.