December 03, 2008

EU rejects Chinese market economy treatment application

It is reported that EU has disclosed that it has rejected the application for market economy treatment waged by six Chinese enterprises that respond to anti-dumping case into certain welded tubes and pipes of iron or non-alloy steel from China.

EU said that the investigation indicated the six Chinese enterprises failed to provide credible evidences to prove their commercial decisions and costs were market oriented and the accounting books were unqualified. Besides, EU believed the enterprises were affected by non-market economy system in aspects such as use of land and transfer of shares.

EU launched anti dumping investigation into the welded tubes and pipes from China on September 26th 2007.

(Sourced from MySteel.net)