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EU begins examination concerning Chinese steel wheel imports

The European Commission has started an examination concerning whether Chinese makers are dumping steel vehicle wheels into Europe at unreasonably low costs, the EU official diary said on Friday.

The diary passage said the complainant, the Association of European Wheel Manufacturers (EUWA), had given proof that Chinese wheel imports had expanded to pick up piece of the overall industry, hurting EU makers.

EUWA, whose individuals incorporate units of Jantsa SA, Superior Industries, GKN and Arconic, alluded in its grievance to contortions of the Chinese vitality advertise, steel overcapacity and EU exchange estimates confining imports of numerous evaluations of steel, yet not all steel items, to the alliance.

The affiliation says that the European market for steel wheels merits some 1.5 billion euros (1.3 billion pounds), while the market for aluminum wheels is worth 4.5 billion euros for every year.

The examination could prompt temporary obligations being connected inside nine months and conclusive obligations, ordinarily set up for a long time, in 15 months.

• [Editor:janita]