US re-establishes level playing field for domestic steel industry
Belgium, Brussels: The United States has applied a preliminary anti-dumping duty to Cold Rolled Coil (CRC) steel from the People’s Republic of China of up to 265.79% in response to the uncontrolled rise of dumped products from the country, announced EUROFER.
This is in contrast to the provisional 13-16% anti-dumping tariff applied to Cold Rolled Flat (CRF) products by the EU in February of this year, which are insufficient to remedy or deter dumping from China, according to EUROFER.
“The high preliminary tariff set by the US demonstrates that the administration takes seriously the need to re-establish a level playing field for its domestic steel industry,” said Axel Eggert, Director General of the European Steel Association (EUROFER).
“In contrast to the US, the EU continues to apply the Lesser Duty Rule (LDR) in its anti-dumping methodology. This cuts down the applicable anti-dumping tariff to a level that does not even address the injury to the industry, let alone actually deter dumping,” added Mr Eggert.