UK steel industry opposes lifting of anti-dumping measures against China

International Business News  –  According to the British “Financial Times” report,  British Trade Remedy Office proposed to remove anti-dumping duties on high-fatigue-resistant steel bars produced in China, because the continued implementation of these measures is no longer in the UK’s economic interest.

Trade Remedies Authority, established only last year, is an independent arms-length body that advises ministerial officials. The agency proposes to remove existing anti-dumping duties on Chinese-made high-fatigue-resistance steel bars, which are used in the UK and Ireland to increase concrete strength.

British manufacturing companies have warned that the removal of anti-dumping measures on a Chinese steel could lead to an influx of this steel into the UK at low prices and threaten hundreds of jobs in the industry.

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