European Fastener Distributors Concerned over AD Duties on China
The European Fastener Distributor Association has raised concerns on the possible decision of the European Commission to impose provisional
The European Fastener Distributor Association has raised concerns on the possible decision of the European Commission to impose provisional antidumping duties on the imports of iron and steel fasteners from China, highlighting that the EU economy is already threatened by fastener shortages. EFDA President Dr Volker Lederer said “With antidumping duties on Chinese fasteners, the supply of screws and other fasteners to the European economy could no longer be ensured. High capacity utilization, raw material shortages and shipping problems have already thrown international supply chains into unprecedented chaos, making it impossible for European fastener distributors to supply European industry, trade and crafts with fasteners in time., commented, adding that the EU would create the ‘perfect storm' if it were to impose additional duties on imports of iron and steel fasteners from China.”
Dr Lederer added "Pandemic travel restrictions make it impossible for European importers to conduct the visits and audits required for new suppliers. Raw material shortages, such as steel or wire rod, are exacerbating the supply problems. The continuing global logistics problems in maritime shipping with container shortages and the effects of the crisis at the Suez Canal mean that what little is available can only reach Europe with significant delays and extra costs. Purchasing in Europe is also ruled out as an alternative. European manufacturers are not having any free capacities and would never be able, nor willing, to produce the quantities of standard fasteners necessary to satisfy the demand of European industry."
On 21st December 2020, the European Commission initiated anti-dumping investigation concerning imports of iron and steel fasteners from the People s Republic of China. At the end of the procedure, protective duties on fasteners could be imposed, as was already the case from 2009 to 2016.
The products under investigation are currently classified under CN codes 7318 12 90, 7318 14 91, 7318 14 99, 7318 IS 58, 7318 15 68, 731815 82, 7318 IS 88, ex 7318 IS 95 (TARIC codes 7318 IS 95 19 and 7318 15 95 89), ex 7318 2100 (TARIC codes 7318 2100 31, 7318210039, 7318210095 and 7318210098) and ex 7318 22 00 (TARIC codes 7318 22 00 31,7318 22 00 39,7318 22 00 95 and 7318 22 00 98).