The European Union is imposing tariffs on steel binding products imported from China due to their sale at artificially low prices, according to the official EU newspaper on Thursday.
The tariffs will range from 22.1% to 86.5% and will take effect from tomorrow Friday, and will cover a range of Chinese products ranging from simple steel screws to high-tech applications used in the automotive, aviation sectors. and electricity.
The European binder industry is estimated at about 3.2 billion euros ($ 3.63 billion), with about 10% of the market being served by Chinese imports, according to the European Commission, which conducted a post-complaint investigation. submitted by the European Institute of Industrial Connection Products.
Source: Capital
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