EU imposes definitive AD duties on Chinese wire rods

The European Union decided on Monday to impose definitive anti dumping duties on imports of Chinese steel wire rods for five years, further straining bilateral trade relations.

A meeting of foreign ministers of the EU-27 approved without discussion the measure of imposing a definitive anti dumping duty up to 24% on China's imported steel wire rods.

The definitive measure came after temporary duties were slapped in February following European producers claimed that Chinese producers had sold their products in low prices and hurt their businesses.

The European Commission, the EU's executive body, launched last year an anti dumping probe against steel wire rods from China, Moldova and Turkey following a complaint lodged in March, 2008 by the European Confederation of Iron and Steel Industries.

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