Based on the lesser duty rule (which means that duties can’t exceed the level needed to repair the harm done), heavy steel plates from China are now taxed with anti-dumping duties ranging from 65% to 73% in order to restore the profitability of the EU manufactures of heavy steel plates.
This is the result of 15 months of investigation by the European Commission. Measures are generally imposed for 5 years and may be subject to review.
Import duties on heavy steel plates are designed to protect European steelmakers against unfair trade practices. They also have an impact in other sectors that benefit from cheap steel products such as construction (shipbuilding, buildings, bridges, or wind towers) or even transportation: breakbulk shipments are going to have their demand affected as industrial firms importing heavy plates are going to face duties up to 73.3%.
The EU currently has in place 41 anti-dumping and anti-subsidy measures, 18 of which are on products originating from China.
If you belong to one of the sectors affected by unfair trade practices, there are mechanisms such as anti-dumping and anti-subsidy measures that can be triggered to defend your industry.
This page provides you with the contact points for your questions on European trade defense mechanisms.
For enquiries on general European policies, or to discuss how we can help you please contact us on: - 0845 641 9955 or email email@example.com.