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EU sets import duties on steel bars from Belarus- The 18th China(Guangzhou) Int¡¯l Plate metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
12/22/2016 plate metal expo-wire expo |
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Reuters reported that European Union will set duties on imports of concrete reinforcement rods and bars from Belarus to counter what it considers are excessively cheap prices. EU''s official journal said that the bloc will impose duties of 12.5 percent from Wednesday on rebar from the BMZ Byelorussian Steel Works and any other producers in the country.
The European Commission launched an investigation in March following a complaint by the European Steel Association.
It has now decided provisional duties are appropriate for Belarus to prevent damage to the industry. The investigation will continue for a further six months. Definitive duties, which would normally be in place for five years, would have to be set by June 20.
The EU''s official journal said import volumes of the product from Belarus almost tripled from 2012 to 2015, reaching 5% of the EU market, as prices fell by some 25%. Imports in 2015 were worth around 180 million euros (USD 187 million).
-- The 18th China(Guangzhou) Int¡¯l Plate
metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
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