The European Commission has opened an anti-dumping investigation on certain organic coated steel products from China, following a complaint by Eurofer.
Eurofer filed the complaint in November providing evidence that imports of organic coated steel from China are sold at dumped prices and cause significant injury to the EU steel industry. Over the past four years imports from China into the EU increased dramatically, despite the drop in EU consumption. As a result, the EU steel industry lost sales and market share forcing it to cut back on production and to reduce capacity.
The EU market share of organic coated steel from China has increased from 0.5% in 2004 to 15% over the last 12 months, with imports at their highest ever level in the second and third quarters of 2011. The imports were sold at prices significantly below prices of EU producers and prices from other third countries.
The investigation by the Commission will be concluded within 15 months. Notice of initiation