Abstract The Ministry of Commerce website news, the European Commission issued an announcement on the 15th, the final ruling on China's anti-dumping and anti-subsidy cases for organic coated steel plates exported to Europe, the final tax rate of the enterprises involved is 13.7% -58.3%, no enterprises get market economy treatment. The domestic listed company involved in this case...
According to the website of the Ministry of Commerce, the European Commission issued an announcement on the 15th to finalize the anti-dumping and countervailing cases of organic coated steel plates exported to Europe. The final tax rate of the enterprises involved was 13.7%-58.3%, and no enterprises obtained market economy treatment. The domestic listed companies involved in this case include Ma Steel, Shandong Iron and Steel, Angang Steel, Wuhan Iron and Steel and Baotou Steel, and the countervailing duty rate is 26.8%. The EU believes that the Chinese government provides subsidies in the form of restrictions on rolled steel exports, driving down the cost of rolled steel purchases by domestic manufacturers, thereby supporting domestic organic coated steel producers to obtain raw materials at below-market prices. At the same time, Chinese coated steel producers benefit from other government subsidies in land use, water use, electricity use, and loans.
Night Li Ping, general manager of China Steel Network's steel business unit, said that the EU's two points are not valid. “These companies are rolling mills, they don’t make steel, so the raw materials are definitely purchased, and the cost of ore in China is very high, and the raw material prices follow the ex-factory price of the steel mills.†In addition, the water used by coated steel producers, Electricity, like all industrial companies, does not have so-called concessions.
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