NEWS
IRON and STEEL  

EU states at odds over steel tariffs against Russia, Brazil

European Union governments rejected the bloc's proposed measures to levy punitive tariffs on hot-rolled steel from Brazil, Iran, Russia and Ukraine on Thursday, with some member states considering the measures too lax, others too tough.

European steelmakers have accused the four countries of dumping the steel used in construction and machinery and the European Commission, which oversees trade policy in the 28-member European Union, had set out plans to levy tariffs of up to 33 percent.

It had also proposed that duties would not apply if the product was sold at or above a set minimum price of 472.27 euros ($568) per tonne.

European steelmakers federation Eurofer, which had lodged a complaint and wanted import duties, criticised the minimum price element of the proposal.

As a result EU countries, including those with steelmakers and those interested in cheap steel, opposed the overall plan, EU sources said. The former believed the measures were too weak, the latter considered them too strong.

The case will now pass to a so-called appeals committee, also comprising the 28 EU members. In such appeal cases, the Commission often revises its plans. The committee will meet on or after Sept. 25.

The Commission's proposal would be then cleared unless a majority of states also representing a majority of the EU's population vote against.

Chinese imports of hot-rolled steel into the EU are already subject to duties of up to 35.9 percent, with no minimum price.

The Commission has previously used the minimum price approach for imports of solar panels from China to settle one of the most contested trade disputes between Brussels and Beijing. However, that has not stopped arguments over what level that price should be. ($1 = 0.8318 euros)

News No: 1278
Date: 2017/09/08 - 11:22
News Source: mining.com

EU  Steel  Eurofer  Dumping  Tariff 

Comments:

Leave a Comment:

   
   
   
 

Service joint venture of Primetals Technologies and HBIS Tangshan Iron and Steel Group starts operation

On September 1, 2017, “Primetals Tangshan Technology Services Ltd.”, (PTTS), a joint venture between Primetals Technologies and HBIS Tangshan Iron and Steel Group (Tangsteel), started its operation.
 

Nam Kim Steel has successfully started operation of its third cold rolling mill supplied by SMS Group

Ahead of schedule, on October 24th, 2017, Nam Kim Steel Joint Stock Company rolled the first coil on the new reversing cold mill (RCM) installed by SMS group at Nam Kim Steel’s facility in the Vietnamese province of Binh Duong, near Ho Chi Minh City.
 

Iran, Norway to Expand Financial Ties

Iran and Norway explored ways of expanding financial ties between the two countries’ banks and credit institutions.
 

Iran, Russia sign MoU for mining, energy cooperation

The Industrial Development & Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council (RTEDC) sealed MoU for cooperation in steel, mine, oil and gas fields.
 

IKCO to Start Production of Peugeot 301

Iran Khodro has said it will ‘start test production’ of Peugeot 301 in the coming week.
 

Iran Mineral Exports Earn $5.4b in Seven Months

Iran exported more than 39.1 million tons of mineral products worth $5.41 billion during the first seven months of the current fiscal year (March 21-Oct. 22), registering a 5.5% and 3.1% growth in tonnage and value respectively compared with last year’s corresponding period.
Upcoming Events
Find a Job !
Tenders
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners