Russia and Turkey face 5 year EU tariffs on steel tube fittings
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Saturday, 19 Jan 2013
The European Union imposed five-year tariffs on steel tube fittings from Russia and Turkey to curb competition for EU producers including Italy’s Virgilio Cena & Figli SpA.
The duties as high as 23.8% punish Russian and Turkish exporters of the fittings, which are used to join tubes or pipes mainly in the petrochemical, energy, construction and shipbuilding industries, for selling in the 27 nation EU below cost. That practice is known as dumping.
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