NEWS

EU Imposes Anti-Dumping Duties on Asian Steel Imports
Time : 2024-04-07
EU Imposes Anti-Dumping Duties on Asian Steel Imports

The European Commission has announced provisional anti-dumping duties ranging from 18% to 35% on steel imports from several Asian countries, citing "unfair pricing practices." The move follows a surge in cheap steel shipments, which the EU alleges have harmed local producers. Affected nations, including Indonesia and Malaysia, are considering retaliatory measures or WTO disputes. Industry leaders warn that the tariffs could disrupt global supply chains and raise costs for European manufacturers reliant on affordable steel inputs.