European Commission labels Chinese screws with duties

By Grace Dixon (February 17, 2022, 5:30 PM EST) — The European Commission has announced that it will impose anti-dumping duties of up to 86.5% on iron and steel fasteners from China after finding that China harms national industry and EU workers by selling products at unfairly low prices.

An investigation into screws, washers and bolts exported by Chinese producers found that China gained market share at a time when sales by European Union producers fell by 27%, according to the anti-dumping regulations of the European Commission adopted on Wednesday. He added that while the European fasteners industry is worth 3.2 billion euros, or $3.6 billion, and employs more than 20,000 people across the…

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