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EU imposes import duties on some Chinese steel to counter subsidies

Reuters  |  BRUSSELS 

By Foo Yun CheeBRUSSELS (Reuters) - The European Union has imposed provisional import duties of as much as 28.5 percent on certain Chinese corrosion-resistant steels after an eight-month investigation found that the products benefited from unfair subsidies.The Aug. 9 decision by the European Commission followed a complaint by steel association Eurofer whose members include ArcelorMittal, ThyssenKrupp and Tata Steel Europe .Imports of Chinese coated, corrosion resistant steel have surged 45 percent this year and make up 51 percent of total EU imports of the product, according to data cited by ...

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First Published: Thu, August 10 2017. 17:25 IST