September 07, 2008

EU issues preliminary ruling against Chinese coke import

It is reported that the European Union issued a preliminary ruling on September 19th 2007 determining to exercise minimum price measure on import of China origin coke pieces with size larger than 80mm. Customs code of concerned material is 27040019 and the duration will last for six months as of September 19th 2007.

All Chinese materials with net landed price lower than EUR 227 per tonne should pay temporary duty equivalent to the disparity with the minimum price, while those with net landed price equal to or higher than EUR 227 per tonnes will not be charged.

European Union chose US as a substitute nation for determining the reasonable price of coke in the preliminary ruling process. And only one Chinese enterprise answered the questionnaire issued by the European Commission, no one filed for market economy status.

(Sourced from MySteel.net)