EU Duties Will Disrupt Fastener Supply Chain-1

On 14th December the European Commission disclosed its additional conclusions for the AD676 anti- dumping investigation, which included only a small reduction of duty rates previously calculated of between 1.8% to 3.3% - based on the downward revision of the benchmark used to calculate the exporting producers' electricity costs.

Here Volker Lederer, president of the European Fastener Distributor Association (EFDA), gives his thoughts on the 14th December disclosure.

"In proposing duties of up to 86.5% on Chinese fasteners, the EU is creating a permanent supply problem for the European industry thereby putting 'Made in EU' at risk. The excessively high duties will hit European companies at a time when they are already suffering from massive supply problems. It is completely incomprehensible that the European Commission wants to make the supply situation even worse under these exceptionally difficult circumstances."