July 29, 2016 / 10:26 AM / 4 years ago

EU raises duties on steel rebar imports from China

Stacks of rebar await delivery at Shanxi Zhongsheng Iron and Steel in Fenyang, Shanxi Province, China, April 28, 2016. REUTERS/John Ruwitch/File Photo

BRUSSELS (Reuters) - The European Union will imposed duties on imports from China of steel bars used to reinforce concrete at rates higher than initially proposed, the EU’s official journal said on Friday.

The bloc has set definitive anti-dumping duties on high performance reinforcement bars (HFP rebars) at between 18.4 and 22.5 percent and will be in place for five years.

HFP rebars a specific type of steel produced in several EU member states and used as a standard in Britain and Ireland.

The investigation into dumping, or selling at unfairly low prices, was begun in April 2015 following a complaint from industry body Eurofer.

The Commission had previously imposed duties of between 9.2 and 13.0 percent at the end of January, a level criticised as too low by the steel sector.

British steel association UK Steel has said that China accounted for more than 45 percent of the British rebar market, up from zero four years earlier.

The Commission has 37 anti-dumping and anti-subsidy measures in place and 15 investigations ongoing into steel products.

Reporting By Philip Blenkinsop

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