EU Extends Anti-dumping Measures for Another 5 Years on Iron and Steel Fasteners Originating in China

The European Commission (EC) released an official journal on March 27 regarding the re-imposing of antidumping measures on iron and steel fasteners imported from China and those consigned from Malaysia (whether declared as originating in Malaysia or not) after more than one years of investigation. The definitive anti-dumping measures will last for another 5 years and will come into effect immediately on March 28 (Sat.).

According to the investigative results, the EC concluded that the iron and steel fasteners imported from China at very low prices continue to cause material injury to local European fastener manufacturers and thus determined to levy the tariff up to 74.1%. Products involved in the case are within CN code 7318 12 90, 7318 14 91, 7318 14 99, 7318 15 59, 7318 15 69, 7318 15 81, 7318 15 89, ex 7318 15 90, ex 7318 21 00 and ex 7318 22 00. In addition, those fasteners consigned from Malaysia (whether declared as originating in Malaysia or not) involved within TARIC Code 7318 15 90 21, 7318 15 90 29, 7318 15 90 71, 7318 15 90 79, 7318 15 90 91, 7318 15 90 98, 7318 21 00 31,  7318 21 00 39, 7318 21 00 95, 7318 21 00 98, 7318 22 00 31, 7318 22 00 39,  7318 22 00 95 and 7318 22 00 98 will be also imposed with anti-dumping duties.

Other than certain companies which were selected or actively asked for inclusion into the investigation can be imposed with lower duties, all other companies (excluding 9 Malaysian companies: Acku Metal Industries (M) Sdn. Bhd、Chin Well Fasteners Company Sdn. Bhd、Jinfast Industries Sdn. Bhd、Power Steel and Electroplating Sdn. Bhd、Sofasco Industries (M) Sdn. Bhd、Tigges Fastener Technology (M) Sdn. Bhd、TI Metal Forgings Sdn. Bhd、United Bolt and Nut Sdn. Bhd、Andfast Malaysia Sdn. Bhd.) will be imposed with the duty of 74.1% (see the table below).

Companies imposed with lower duties are still required to submit valid commercial invoices to the Customs of member states of the EU when they export products to Europe, otherwise, their products will be subject to the duty of 74.1%.

Note: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2015_082_R_0007&from=EN