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EU terminates the threat of tariffs on steel tubes |
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Steel Guru (September 14, 2009) - Bloomberg reported that European Union has terminated the threat of tariffs on steel tubes from Turkey, Ukraine and Belarus after the recession prompted EU producers to withdraw a complaint alleging price undercutting.
As per report, EC closed an inquiry into whether Turkish, Ukrainian and Belarusian exporters of welded tubes, pipes and hollow profiles sell them in the 27 nation EU below cost, a practice known as dumping. The goods, also called hollow section, are used by the construction industry as well as in ships, cranes, trucks, farm equipment, metal furniture, windows and toys. EU producers include the UK's Corus Group, Italy's Marcegaglia and Spain's Condesa Fabril. |
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Posted on 9/14/2009 |
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