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EC imposes antidumping duties
The European Commission has announced that it will impose heavy provisional anti-dumping duties on exports into the European Union (EU) from China of certain iron and steel seamless pipes and tubes commonly used by the oil and gas sector. These have a circular cross section of an external diameter exceeding 406.4 mm. The duties range up to 81.1%, charged on exporters not cooperating with Commission investigations into the problem.
There are some lower rates for companies supplying information – namely Yangzhou Lontrin Steel Tube Co Ltd (43.5%); Yangzhou Chengde Steel Pipe Co Ltd (45.4%); Hengyang Valin MPM Co Ltd (73.3%); and Hubei Xinyegang Special Tube Co Ltd (79%).
The duties will be imposed for six months while the Commission decides if they should be made permanent – usually for five years. If Brussels decides they are not justified, the provisional duties will be repaid. They were established after a preliminary investigation following a January 2016 complaint from an EU manufacturers group that Chinese exporters were selling these pipes and tubes at below cost price, breaking World Trade Organisation (WTO) anti-dumping rules.
News Item details
Journal title: Petroleum Review
Subjects: Economics, business and commerce, Oil and gas, Pipes and pipelines, Geopolitics, Energy policy, Rules and guidelines
