EU takes protectionist action against steel makers in China and Taiwan
The EU has stepped up its campaign to protect its battling steel-making sector by imposing antidumping duties on imports from China and Taiwan
Brussels — The EU slapped definitive antidumping duties on steel products from China and Taiwan on Friday in broadening its campaign to protect struggling steel manufacturers in Europe. The measure is part of an EU push against China, which makes more than half the world’s steel, for allegedly flooding global markets in contravention of international trade agreements. It comes as protectionist US President Donald Trump promises to crack down on China’s dominance of world trade, prompting a vigorous defence of globalisation by Chinese President Xi Jinping at the World Economic Forum in Davos last week. "The European Commission’s investigation confirmed that Chinese and Taiwanese stainless steel tube and pipe butt-welding fittings had been sold in Europe at dumped prices," said the EU’s executive arm. The targeted products are used to join steel pipes and tubes and commonly used in industries such as food processing and also the shipbuilding and the construction sectors. The EU has ha...
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