FILE PHOTO: Workers pack cold rolled steel coil at a steel company in Zhangjiagang, Jiangsu province, China April 27, 2018. REUTERS/Muyu Xu/File Photo
Anti-dumping tariffs of 18.1% to 103.1% will be applied to stainless steel billets and hot-rolled stainless steel plates from companies in the EU and the three Asian nations, effective July 23, China’s Ministry of Commerce said in a statement. “The investigation agency has made a final decree that there was dumping of the investigated products and it has caused substantive damage to the industry in China,” said the commerce ministry in the statement.
Good bye krakatau steel.....
😂 With mind boggling capacity of 1.2 billion tons, China has been world wide dumper of cheapest steel on earth. Today it is imposing anti dumping duty on Steel.
Very funny as China has been dumping cheap steel in Europe for years
Really, from the biggest dumper of subsidized steel in the world.
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