China extends anti-dumping duties on EU fastenersStaff writer ▼ | June 30, 2016
The Ministry of Commerce (MOC) said that it would extend anti-dumping duties on certain iron or steel fasteners imported from the European Union (EU) by another five years.
Duties Ranging from 6.1 percent to 26 percent
When the last five-year period ended in June, the ministry reopened the investigation following a request from domestic industry players.
If the anti-dumping measures end, dumping of fasteners from the EU may continue, damaging the domestic industry, the ministry ruled.
Thus, it has decided following the one-year investigation, the anti-dumping duties will continue for another five years starting Wednesday. ■