Ukraine, Turkey and Macedonia Faces Steel Tubes Tax Threat From The EU

According to Bloomberg News the European Union have threatened to curb competition within the EU. By imposing tariffs on steel tubes coming from Turkey, Ukraine and Macedonia to help EU producers.

This was due to a probe conducted by the EU into whether the Turkish, Ukrainian and Macedonian exporters of tubes, pipes and hollow profiles. Were selling them below cost which is a common known practice known as dumping.

One of the main goods called hollow sections, which is widely used within the construction industry from ships to toys. The dumping inquiry was  caused by  complaints by a group of manufacturers within the EU which account for more than a 25% of the areas production.

Just recently in 2009 the European Union ended a threat similarly to one being proposed from goods from Turkey, Ukraine and Belarus because the complaint was withdrawn.

This news piece was brought to you by steel beams a leading stockist of rsj beams and steel beams for the London area.

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