Brussels says it has imposed definitive anti-dumping measures on steel product from China and Russia.
The duties will be in place for five years and for the first time they will also be levied retroactively on imports registered during the two months that preceded the adoption of provisional measures on 12 February this year.
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The product at stake is cold rolled steel, an industrial input for the packaging, white goods, general industry, automotive sector and construction segment.
The investigation started in May last year following a complaint submitted by the industry. Duties range from 19.7% to 22.1% for Chinese and from 18.7% to 36.1% for Russian companies.
In the wake of the global steel overcapacity crisis, the European Commission is applying trade defence instruments to re-establish what it maintains is a level-playing field between European Union (EU) and foreign producers.
The EU currently has more than 100 trade defence measures in place, 37 of them targeting unfair imports of steel products, 15 of which are from China.
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By GlobalDataTwelve more investigations concerning steel products are continuing.
