You are here: Home > Steel News > Latest Steel News > EUROFER...

EUROFER welcomes European parliament’s rejection of MES for China

Thursday, 12 May 2016 16:44:12 (GMT+3)   |   Istanbul
       
The European Steel Association (EUROFER) has issued a statement welcoming the European Parliament’s decision to reject the granting of market economy status (MES) to China, while it has asked the European Commission to consider more seriously the wider implications of MES on the steel industry, as well as to motivate member states to overcome the blockage in the council regarding the modernization of Europe’s trade defense instruments (TDIs).
 
EUROFER director general Axel Eggert stated that a significant majority of members of the parliament do not believe it is the right time to grant China MES and added that China is not a market economy and thus cannot be treated as such for the purpose of antidumping investigations.
 
According to EUROFER, China is, by some margin, the largest dumper of steel on to the EU market. Of the 37 antidumping measures currently in force on steel, 16 involve China in some way. Were MES to be granted, the EU’s trade defense measures would be rendered ineffective, with no other enforcement tool available. EUROFER also stated that the European Parliament’s decision also urges the council to agree on the modernization of the EU’s TDIs. The European Commission’s proposal for the modernization of the EU’s TDIs has been at an impasse in the council since 2013 as member states such as the UK and the Netherlands continue to block the lifting of the lesser duty rule.

Similar articles

Fitch: Market economy status for China would limit EU’s import tariffs

25 Mar | Steel News

Turkey remains world’s largest scrap importer in 2012

28 Jun | Steel News

US ITC decides to conduct sunset review of rebar from seven countries

10 Oct | Steel News

EU-27 sets AD duty on ex-China organic coated steel

20 Sep | Steel News

US DOC makes determinations in cases against stainless bar and carbon plate

10 Aug | Steel News

US DOC initiates review of pipe and tube, OCTG and stainless plate

11 Jul | Steel News

US DOC and ITC begin review of rebar from seven countries

03 Jul | Steel News

US decides UK company circumvented AD on Chinese graphite electrodes

07 Jun | Steel News

US DOC to begin second review on rebar from seven countries

05 Jun | Steel News

Baosteel to deliver S355 thick plate to Total

02 Apr | Steel News