The European Commission has this week confirmed that it does not intend to impose provisional measures as part of its China fastener anti-dumping investigation.
The AD676 investigation was instigated late last year at the request of EIFI (the European Institute of Fastener Industries). EIFI provided evidence of "unfairly low-priced imports" which "have caused material injury to the Union industry of the like product". The European Commission has been investigating whether the imports from China were "dumped" and if so, whether to impose a levy to "restore fair trading conditions".
This week, the Commission said "...it is intended not to impose provisional measures. The investigation will be continued."
Fastener anti-dumping investigation: "The timing could hardly be worse"
Over the course of the investigation, interested parties have had their say. EIFI has supplied further support for its claim while two EU fastener importers - Roth Blaas Srl and Eurotec GmbH - requested and held a hearing with the Commission in mid-May. Prior to that, in March, EFDA (the European Fastener Distributor Association) had a hearing with the Commission.
In April, EFDA outlined its concerns over the anti-dumping investigation with Torque Magazine. It argued that amid severe product shortages in the construction industry, the timing of the potential imposition of extra duties on iron and steel fasteners originating in China – which would exacerbate price increases – could hardly be worse.
Eurotech GmbH also went on the record with its anti-dumping concerns to Torque Magazine, warning about reduced capacities in the market and on the negative impact duties could have on European sustainability goals to increase levels of timber in construction.
The investigation is expected to conclude in the coming months.
With thanks to BIAFD.
