
The European Union threatened to hit Russia, Ukraine, Serbia, Iran and Brazil with tariffs on a type of steel known as hot-rolled coil, highlighting concerns about job losses in the EU industry.
The European Commission opened a probe into whether exporters of hot-rolled coil in the five nations sold it in the EU below cost, a practice known as dumping. The EU market for hot-rolled coil, a bread-and-butter product used in everything from cars to construction and manufactured in Europe by such companies as ArcelorMittal and ThyssenKrupp AG, is worth about 10 billion euros ($11.1 billion).
This is the latest in a series of EU steel-trade cases that target mainly China, the No. 1 producer of the metal. Chinese hot-rolled coil is the focus of an EU dumping investigation opened in February and of a European subsidy probe begun in May.
Source: Arab News
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor