Two producers that the Commission said were genuinely Malaysian - Pantech Stainless and Alloy Industries and SPI United - will be exempt from the measures. ($1 = 0.9050 euros) (Reporting by Philip Blenkinsop Editing by Mark Potter)
@reutersPhilB;)) BRUSSELS, April 14 (Reuters) - The European Commission
said on Friday it had prolonged anti-dumping tariffs on
stainless steel fittings from China and Taiwan for five years
and extended them to Malaysia.
The Commission's review of the measures concluded that
removal of the tariffs would have led to continued dumping in an
European Union market worth some 100 million euros ($111
million) per year.
The measures, in place since 2017 on stainless steel tubes
and pipe fittings, were extended to Malaysia because the
investigation found that Chinese producers were using assembly
operations there to evade applicable tariffs.
The duties range from 5.1% to 12.1% for Taiwan and from
30.7% to 64.9% for China. The rate for imports from Malaysia is
64.9%.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.