EU Has Announced a Sunset Review, It Has Shown That The Stainless Steel Fastener

As expected, European Union(EU) has announced a sunset review, it has shown that the stainless steel fastener which are made from China and Taiwan has to be charged the anti-dumping duty sustain in the next 5 years, this 2/2012 rule has been valid since 2012-01-07. The sunset review is just considered whether the inherent dumping phenomenon would appear again if it cancels the current anti-dumping measures. It won't be modified during the review despites of the product range or the rate of the anti-dumping duty. The investigation conclusion judged the dumping phenomenon sustains in the products that exported from Taiwan. If the current anti-dumping measures calceled, the dumping phenomenon may appear again. EU had evaluated the Taiwan's productivity, and the evaluation shown it still has it productivity in the fastener industry. The survey infered if the current measures are canceled, the result will seem it supports the Taiwan's exporters increase the export volume to EU. Summary of this measure: It is still weak in the industrial EU. If it continues facing the increasing dumped imports, it will lead to the decreases of sales volume, market shares and the prices, it also comes with the fiscal deterioration. According to it, if the current measures abolished, it will be likely to be much worse to the weakly industrial EU, and it will bring the substantial damage continuously to the industrial EU. Except for some exporters and specific tax rate, the Chinese anti-dumping duty currently is 27.4%, and Taiwan's remains 23.6%. Source:chinafastener.com