According to a report by CHINA TRADE REMEDIES INFORMATION on July 21, on July 17, the European Commission issued an announcement stating that as the applicant withdrew the lawsuit, it decided to terminate the anti-absorption investigation of cast iron articles originating in China and not implement anti-absorption. Absorption measures. The European Union CN (Combined Nomenclature) involved products are ex 7325 10 00 (TARIC code is 7325 10 00 31) and ex 7325 99 90 (TARIC code is 7325 99 90 80).
The EU has implemented several anti-dumping measures against Chinese steel products in recent years. In this regard, the Director of the Trade Remedy and Investigation Bureau of the Ministry of Commerce of China has stated that China has always adhered to market rules and hopes that the EU can fulfill relevant obligations and give Chinese anti-dumping investigations. Fair treatment for enterprises and taking trade remedy measures lightly will not solve practical problems.
It is worth noting that China is the world’s largest steel exporter. According to data from the General Administration of Customs of China, in 2019, my country’s steel exports totaled 64.293 million tons. At the same time, the European Union’s demand for steel is increasing. According to the latest data from the European Steel Union, the European Union’s steel imports in 2019 were 25.3 million tons.