11/2/2009
NEWS BRIEFS
India Contests EU Fastener Tariff Claims
The Indian government is working to counter claims from the European Union that stainless steel fasteners from India and Malaysia are being dumped in Europe.
India has reportedly asked the apex body of engineering goods exporters (EEPC) to collect fastener export data that would counter the EU proceedings.
The European Commission launched antidumping and countervailing investigations in August following a June 30 complaint by the European Industrial Fasteners Institute. (see FIN 8/4/09).
“Since 2006 imports from (India and Malaysia) have increased dramatically and literally flooded the EU market in 2008, causing considerable injury to the European industries concerned,” claims EUROFER, the European steel makers association.
India exported $149 million worth of stainless steel fasteners to the EU from April 2008 to December 2008.
Tariff codes included in the investigation are: 7318 12 10 (wood screws); 7318 14 10 (self tapping screws); 7318 15 30 (headless screws and bolts); 7318 15 51 (slotted and cross recessed screws); 7318 15 61 (hexagon socket head screws); and 7318 15 70 (hexagon bolts).
Provisional decisions on both cases must be published within 9 months, according to Fastener+Fixing Magazine editor Phil Matten. A final decision on the countervailing case must be published within 13 months as opposed to the 15-month total period for the antidumping case. ©2009 GlobalFastenerNews.com
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