BRUSSELS?The European Union on Monday leveled fresh provisional anti-dumping tariffs on Chinese steel and iron products as part of the bloc's bid to protect European steelmakers harmed by overcapacity.
The duties range between 43.5% and 81.1% and apply to seamless pipes and tubes of iron and steel, which are used in power plants, in construction as well as the oil-and-gas industry.
The duties come as European manufacturers have raised numerous complaints alleging that their Chinese competitors are exporting some steel products to Europe at unfairly low prices. The tariffs announced Monday are the latest in a string of anti-dumping measures against Chinese steel.
The European Commission, the bloc's executive, on Monday said its investigations show that the Chinese products had been sold in Europe at "heavily dumped prices."
The commission said it would decide within six months whether to make the anti-dumping measures definitive and extend the restrictions for a period of five years.
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(END) Dow Jones Newswires
November 14, 2016 07:25 ET (12:25 GMT)
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