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China raises anti-dumping duties on some U.S., EU steel tubes and pipes


Reuters


BEIJING, June 14 (Reuters) - China said on Friday that it was raising anti-dumping duties on certain alloy-steel seamless tubes and pipes used at utilities and imported from the United States and the European Union.

The anti-dumping tax rate applicable to the steel tubes and pipes is between 57.9% and 147.8% on companies in the United States and the EU, effective June 14, the Commerce Ministry said on Friday.

Tariffs on U.S. steel extrusion firm Wyman-Gordon Forgings are at 101%, while those on all other U.S. companies are 147.8%, the ministry said.

China, the world's largest steel producer and consumer, had imposed 13-14.1% tariffs on companies in the United States and the EU in 2014 which expired on May 10, 2019.

The decision to extend the anti-dumping tariff follows a request from the Chinese domestic steel tubes and pipes sector, the ministry said.






This article appears in: World Markets , Stocks , Economy , Taxes , Commodities



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