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EU launches investigation of Chinese steel rope, cable

(Xinhua)
Updated: 2009-08-13 11:32

The European Commission on Wednesday launched an investigation into the possible circumvention of antidumping measures imposed on imports of steel rope and cable manufactured in 皇冠体育app.

The commission said there is sufficient evidence that antidumping measures imposed by the European Union on imports of Chinese steel rope and cables are being circumvented through trans-shipments via South Korea and Malaysia.

The commission has nine months to conclude its investigation. It said if the results reveal circumvention, appropriate duties can be retroactively levied on the imports.

Related readings:  EU should resist protectionism temptation  皇冠体育app files WTO complaint on EU anti-dumping measures  皇冠体育app steel imports face 24% EU duties  EU to end dumping duty on 皇冠体育app steel, iron pipes

The EU in August 1999 began imposing antidumping duties of up to 60.4 percent on steel rope and cable imports originating in 皇冠体育app and several other countries. It decided in November 2005 to continue the duties.

Faced with the worst economic crisis in decades, the EU recently has initiated a series of antidumping measures against 皇冠体育app, which has raised protectionism concerns.

The Chinese Ministry of Commerce has warned that 皇冠体育app consistently opposes any abuse of antidumping actions and a rise of protectionism.