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EU is threatening to extend the tariffs for the steel import


The European Union is threatening to extend the tariffs to 25.3% on stainless steel from China and Taiwan. This is after European producers have asked for longer protection against the dumping of steel on the European market. Current arrangements expire on 28 August.

The European Commission is examining whether measures should be extended and strengthened. The fear is that Chinese and Taiwanese producers are placing steel used in lifts, boilers, tanks, kitchen equipment below cost in the European market.

European steelmakers submitted a request at the end of May for the granting of the agreements, because the repetition of dumping practices is looming in the wake of the relaxation of the rules. Investigation of the matter may take up to 15 months. Until this is completed, current rates will remain in place.

Written by: Harry Adams

Harry Adams is a political expert who has been working for various publications under pseudonyms for 11 years. He loves sarcasm and a rigid presentation of the material without decorations.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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