China Extends the AD Measure Against Certain Iron & Steel Fasteners Imported from EU
China’s Ministry of Commerce (Mofcom) announced on June 28th that its AD measure (imposed on June 29, 2010) against certain iron and steel fasteners imported from EU has been extended for 5 more years and has been effective since June 29th.
According to Mofcom, if the AD measure is terminated, the dumping of certain iron and steel fasteners from EU may continue or reoccur, and the certain iron and steel fasteners imported from EU may continue to cause material injury to domestic Chinese suppliers of similar products. However, products involved do not include nuts and other fasteners for the maintenance and repair of aircrafts.
The AD rates for certain companies are listed as follows:
1. KAMAX GmbH & Co.KG- 6.1%
2. All other EU companies- 26.0%