BEIJING, Sept. 15 -- The European Union has imposed
dumping tariffs up to 86.8 percent on a welding product from China, alleging
that Chinese manufacturers of tungsten electrodes had harmed their European
rivals by selling below production costs.
The Chinese companies that responded to the
investigation said there is little they can do about the decision, but they hope
the country takes steps to help domestic manufacturers gain an advantage in
future global competition.
Tungsten electrodes are used for welding in
industries such as aerospace, automobiles, shipbuilding, oil and natural gas.
Austria's Plansee Metall GmbH, which accounts for
more than half of the EU's output of the product, suffered "heavy price
pressure" and "injury" from the Chinese imports, the Brussels-based European
Commission said in its Official Journal on Wednesday.
"The price pressure from the dumped imports ... will
force the (European) community's industry to cease production of tungsten
electrodes, which is of strategic importance to a number of high-technology
sectors," the Journal said.
The anti-dumping duties amount to 25.9 percent for
Shandong Weldstone Tungsten Industry Co., 35 percent for Beijing Advanced Metal
Materials Co., 46.9 percent for Shaanxi Yuheng Tungsten & Molybdenum
Industrial Co. and 86.8 percent for all other Chinese manufacturers.
The duties take effect today across the 25-nation
European Union, will last six months and may be prolonged for five years.
"There's little we can do now," said Li Wenling, who
is in charge of the export department at Beijing Tungsten & Molybdenum
Material Factory.
Eight Chinese companies responded to the dumping
accusation, but all failed to convince the European Union they should escape the
charges.
China's share of the EU tungsten-electrode market
rose to 76 percent last year from 22 percent in 2001, the EU commission said.
(Source: Shanghai Daily)