Brussels, 25/10/2000 (Agence Europe) - The European Commission may soon open anti-dumping procedure concerning imports of ferro-molybdenum from the People's Republic of China, industrial sources said on Wednesday.
EuroAlliage, the "Comité de liaison des industries des ferro-alliages", said it had filed a formal complaint containing "evidence of unfair practices, which have allowed the Chinese imports to increase their market share from 17.5% in 1995 to more than 40% in 1999" to reach "48.8% in the fist quarter 2000". This evolution is at the origin of "severe injury to both the producers and converters" of ferro-molybdenum, says the trade union. In its view, its complaint "is supported by all the EU ferro-molybdenum industry" in the Union and the "notice of the opening of the inquiry on Chinese ferro-molybdenum imports should be published very soon".