EU may impose duty on imports

Brussels
The European Union will impose anti-dumping duties next month on imports of a grade of electrical steel from five countries, according to sources familiar with a European Commission proposal.
The Commission plans to set tariffs of between 21.6 percent for Russian imports and 35.9 percent for Japanese imports of grain-oriented electrical steel (GOES) following a complaint lodged in June 2014 by the European steel producers association, Eurofer.
Duties will also cover imports from China (28.7 percent), the United States (22 percent) and Korea (22.8 percent).
The Commission will present its proposal to EU member states this week and by May 14 will put in place the duties, which are provisional pending the outcome of an investigation due to end in November. Normally such duties would then continue for five years.