Oct. 29 (Bloomberg) -- The European Union imposed five-year tariffs on aluminum radiators from China to help Italian and Polish producers compete with cheaper imports.
The duties as high as 61.4 percent punish Chinese exporters such as Zhejiang Guangying Machinery Co. for selling the radiators in the EU below cost, a practice known as dumping.
European manufacturers including Italy’s Fondital SpA and Poland’s Armatura Krakow SA have suffered “material injury” as a result of dumped imports from China, the 27-nation EU said today in Luxembourg. The five-year levies follow provisional measures introduced in May and will take effect after publication in the Official Journal by Nov. 11.
Chinese exporters expanded their combined share of the EU market for aluminum radiators to 24 percent in the 12 months through June 2011 from 13 percent in 2008, according to the bloc. Other European manufacturers include Italy’s Global Srl and Radiatori 2000 SpA, the EU said in May.
The duties are the outcome of an inquiry that the EU opened in August 2011 after a dumping complaint against China by an industry group on behalf of producers that account for more than 25 percent of the bloc’s output of aluminum radiators. Like the provisional measures, the five-year levies range from 12.6 percent to 61.4 percent, depending on the Chinese company.
Zhejiang Guangying Machinery faces a 21.2 percent levy, unchanged from the provisional rate. Two other Chinese exporters, Sira (Tianjin) Aluminium Products Co. and Sira Group (Tianjin) Heating Radiators Co., each face a duty of 14.9 percent, down from a provisional rate of 21.2 percent.
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