EU Extends Antidumping Duty on Grain-Oriented Flat-Rolled Products of Silicon-Electrical Steel
The European Union extended the antidumping duties on grain-oriented flat rolled products of silicon-electrical steel (GOES) from China, Russia, the U.S., Japan and South Korea for another five years, the European Commission said. The decision to extend the duties came…
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after the commission conducted an expiry review and found that a lapse in the duties would amount to serious harm to EU GOES producers. The AD measures will continue to be implemented as a minimum import price, above which imports will be allowed to enter the EU without any antidumping duties. If the import prices are below this level, the commission will set the AD rates at the difference between the import price and the minimum import price, up to a maxim range of 21.5% to 39%. "The measures will thus continue to ensure a level playing field for EU GOES producers while providing stable supply on the import side of high quality GOES, needed in particular for the production of premium quality transformers, generators and motors," the commission said.