https://www.bloomberg.com/news/articles ... oad-wheelsChina Hit by EU Tariffs as High as 66%
By Jonathan Stearns
10 October 2019, 09:54 BST Updated on 10 October 2019, 16:32 BST
EU duties as high as 66.4% counter alleged below-cost imports
https://uk.reuters.com/article/china-eu ... KL5N26V2QA
EU investigates Chinese hot-rolled steel, puts duties on road wheels
3 MIN READ
BRUSSELS, Oct 10 (Reuters) - The European Commission said on Thursday it had opened an investigation into whether China and Indonesia are dumping hot-rolled stainless steel, used in car frames and machinery, in the European Union.
Reacting to accusations by European industry that China and Indonesia are flooding the European market with cheap, subsidised steel, the Commission’s investigation could eventually lead to duties on imports.
Separately, the Commission said it had imposed provisional anti-dumping duties on Chinese steel road wheels, used for motor vehicles, of up to 66%, accusing Chinese exporters of selling them at below cost.
“Provisional measures should be imposed to prevent further injury being caused to the Union industry by the dumped imports,” the Commission said.
The Commission said in its Official Journal China’s market share in the bloc had last year doubled compared with 2015.
European industry accuses China and Indonesia of channelling government funds and offering other benefits to local steelmakers to export to Europe and win a greater share of the market, the Official Journal said.
