July 18, 2017 | By: Philip Blenkinsop
The European Union is planning to impose duties of up to 33 percent on hot-rolled steel imports from Brazil, Iran, Russia and Ukraine to counter what it sees as unfairly low prices, according to a document seen by Reuters.
The EU has over 40 anti-dumping measures to aid European steel producers, mostly aimed at China. In June, the bloc set duties of up to 35.9 percent on Chinese hot-rolled steel, prompting an angry response from Beijing.
Steel is the second biggest industry in the world after oil and gas and the EU’s attention has recently shifted as barriers aimed at cheap Chinese imports have an impact.
Read full article here