News&Events

Press Release

Comparison of EU and US anti-dumping tariffs reveals yawning gap in Europe’s trade defences

Brussels, 21 October 2016 – The European Steel Association (EUROFER) has today published a comparison of anti-dumping duties in the US and the EU. This reveals the vast disparity between the strength of anti-dumping trade defences in the respective regions.

We have created this table to show how the continued application of the Lesser Duty Rule (LDR) in the EU cuts down anti-dumping duties to levels far below the calculated level of the dumping”, said Axel Eggert, Director General of EUROFER. “We are not asking for duties on the scale of the US. Instead, we call for EU measures to be a better reflection of this calculated dumping level, so as to more decisively defend sectors such as ours from aggressive unfair trading practices by third countries”.

“The EU is the only major region to systematically apply the LDR. Under certain conditions it must be possible to lift the rule. These conditions must be achievable and workable, and be accompanied by a duty calculation based on improved injury margins. We again call on member state leaders to at long last agree to close this gaping hole in Europe’s trade defences.”

 

Anti-dumping measures (on Chinese imports)

Steel product (1)

EU (2)

US (3)

Cold-Rolled Flat

19%-22%

266%

Stainless Cold-Rolled

24%-25%

255.8% (4)

Organic Coated (parallel AS)

14%-58%

210%

High Fatigue Performance Rebar

18%-22%

133%

Hot-Rolled Flat

13%-22%

64%-91%

Heavy Plate

65%-73%

31%-128%

1 Product scope may not be identical.
2 Result of Injury Margin/Lesser Duty Rule  
3 Average duty given where range not available.
4 Figure cited in EC Communication on Trade Defence 18/10/2016, Annex 1.

 

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Notes for Editors

Contact

Charles de Lusignan, Communications Manager, +32 2 738 79 35, (charles@eurofer.be)

Commission Communication

The new Commission Communication, Towards a robust trade policy for the EU in the interest of jobs and growth, can be found: here

About the European Steel Association (EUROFER)

EUROFER is located in Brussels and was founded in 1976. It represents the entirety of steel production in the European Union. EUROFER members are steel companies and national steel federations throughout the EU. The major steel companies and national steel federations in Switzerland and Turkey are associate members.

About the European steel industry

The European steel industry is a world leader in innovation and environmental sustainability. It has a turnover of around €170 billion and directly employs 320,000 highly-skilled people, producing on average 170 million tonnes of steel per year. More than 500 steel production sites across 24 EU Member States provide direct and indirect employment to millions more European citizens. Closely integrated with Europe’s manufacturing and construction industries, steel is the backbone for development, growth and employment in Europe.

Steel is the most versatile industrial material in the world. The thousands of different grades and types of steel developed by the industry make the modern world possible. Steel is 100% recyclable and therefore is a fundamental part of the circular economy. As a basic engineering material, steel is also an essential factor in the development and deployment of innovative, CO2-mitigating technologies, improving resource efficiency and fostering sustainable development in Europe.

PDF

A PDF of this Press Release is available: here 

The European Steel Association (EUROFER AISBL)

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B-1000 Brussels

Tel.: +32 2 738 79 20
Fax.: +32 2 738 79 55