The European Union renewed tariffs on stainless-steel screws and bolts from China and Taiwan for another five years to curb competition for EU manufacturers including Italy’s Bontempi Vibo SpA.The EU reimposed the import duties as high as 27.4 percent on stainless-steel fasteners, seeking to aid European producers that also include Bulnava Srl of Italy, Germany’s Reisser Schraubentechnik GmbH and France’s Ugivis SA. The levies punish Chinese and Taiwanese exporters for selling the fasteners in Europe below cost, a practice known as dumping.(…)
via EU Renews Tariffs on Stainless-Steel Screws From China, Taiwan – Bloomberg.