EU measures on Chinese cast iron products
The Commission has imposed definitive anti-dumping duties on iron castings from China. The measures range from 15.5% to 38.1%. The Commission has 53 measures now in place on steel and iron products, including 27 on products coming from China.
Cast iron castings are a family of products that include for instance manhole covers and grates used in street drainage. The market for castings in the European Union is estimated at around €700 million. The investigation was initiated in December 2016 following a complaint from seven EU producers concerning products from China and India. The investigation found there to be no dumping in the case of India. EU applied anti-dumping measures for the same product imported from China already in the past between 2005 and 2011. The steel sector is a vital industry for the European Union’s economy and occupies a central position in global value chains, providing jobs for hundreds of thousands of European citizens. The global surplus in steelmaking capacity reached around 737 million metric tonnes in 2016, the highest ever seen, and the EU is using the full potential of its trade defence toolbox to ensure a level-playing-field for its producers. This has driven down steel prices to unsustainable levels in recent years and had a damaging impact on the steel sector, as well as related industries and jobs. In March 2016 the Commission issued a Communication presenting a series of measures to support competitiveness of the EU steel industry. Use of trade defence tools was one of the pillars of the strategy. In addition to that, the Commission engaged in the Global Forum on Steel Excess Capacity that agreed last November on an ambitious package of concrete policy solutions to tackle the pressing issue of global overcapacity in the steel sector.