European Commission announces anti-dumping investigations on imports of wire rod from the People’s Republic of China, the Republic of Moldova and Turkey
08/05/2008 4:21 pm
The European Commission with today’s publication in its Official Journal (C 113 of 08/05/2008) opened anti-dumping proceedings against imports of wire rod from China, Turkey and Moldova as was requested by EUROFER, the European Confederation of Iron and Steel Industries, on March 25.
EUROFER refutes wrong allegations on SSCR case.
08/05/2008 4:21 pm
The European Commission with today’s publication in its Official Journal (C 113 of 08/05/2008) opened anti-dumping proceedings against imports of wire rod from China, Turkey and Moldova as was requested by EUROFER, the European Confederation of Iron and Steel Industries, on March 25.
EUROFER refutes wrong allegations on SSCR case.
“We welcome the news that the preliminary analysis of the European Commission confirms that there is sufficient evidence both in terms of dumping and injury caused to the European industry to justify the initiation of a proceeding”, says Gordon Moffat, director general of EUROFER. Similar to other steel products, notably hot-dipped metallic coated products (HDMC) and stainless cold-rolled flat products (SSCR) currently subject to anti-dumping investigations, the main cause of the massive flood of wire rod imports into the EU market witnessed in 2007 is the excessive capacity development in the exporting countries concerned, fuelled by subsidization and the fragmentation of the local industry.
Moffat adds that EUROFER is actively monitoring the situation for other steel products and recalls that both the HDMC and SSCR complaints enjoy the support of European producers representing a vast majority of European production. The assertions from some Chinese sources that only a single European producer supports the SSCR case are therefore utterly false, said Moffat who added that the same Chinese sources have also alleged that the injury on the EU market was mainly self-inflicted by a European company's own exports of SSCR to Europe by its Chinese affiliate. Moffat states that these allegations are misleading and this specific issue was addressed in detail in the EUROFERcomplaint, fully documented and subject to careful analysis by the European Commission prior to the official opening of the AD investigations.
Represented by EUROFER, the European steel industry is the world leader in its sector with a turnover of EUR 140 billion and direct employment of 370 thousand people, producing 200 million tons of steel per year.
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