EU Puts Tariffs on Welded Steel Tubes

The European Union imposed tariffs as high as 90.6 percent on welded steel tubes from China, Russia and Belarus and prolonged similar levies against Ukraine and Thailand to protect EU producers such as ArcelorMittal.

The five-year duties punish Chinese, Russian and Belarussian exporters for selling the tubes in the EU below cost, a practice known as dumping, and guard against the threat of renewed dumping by Ukrainian and Thai producers. Ukrainian exports of the product to the 27-nation EU are "nearly nil" and Thai shipments have stopped, the bloc said in a decision Tuesday in Brussels.

The levies on the tubes are as high as 90.6 percent on China, 44.1 percent on Ukraine, 38.1 percent on Belarus and 20.5 percent on Russia.

The duties, which include a 16.8 percent levy on Russia's TMK and a 10.7 percent tax on Ukraine's Interpipe, will take effect after publication in the Official Journal by Dec. 26.

Interpipe had faced a 30.9 percent duty and the EU lowered the rate after finding the company eased price undercutting. The 44.1 percent rate on any other Ukrainian producers is unchanged, as are a 21.7 percent levy on Saha Thai Steel Pipe and the 35.2 percent duty on any other Thai exporters.