Following an expiry review the EU determined the continuation of anti-dumping measures applied to imports of certain wire rod from the People’s Republic of China.
With the exception of one group accorded a lower duty the extended measure applies duty at 24%. The review determined that China currently has some 50 million tonnes spare capacity (50% more than actual output) in wire rod production and according to the Chinese export database shipped some 9 million tonnes worldwide in the year to 30th June 2014. Depending on the geographic market the average cost per tonne of exported wire rod fell by between 14% and 19% from 2012 to 2014.
Full details of the Commission’s decision are to be found in Council Implementing Regulation EU 2015/1846.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
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