Sunday Tribune

EU slaps new dumping duties on China steel

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THE EU has slapped antidumpin­g duties on more steel products from China to stop them flooding Europe’s struggling steel market. A new investigat­ion had shown that Chinese seamless pipes were being sold in Europe at dumped prices. Those exports will now be taxed with an extra duty ranging from 29.2 percent to 54.9 percent. An EU spokespers­on said: “This is another clear example of how we’re using the available toolbox of trade defence instrument­s to address unfair imports of steel.” – AP

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