The European Union on Thursday imposed anti-dumping tariffs on some Chinese and Russian steel imports for the next five years in a fresh effort to protect domestic manufacturers struggling with overcapacity, The Wall Street Journal reports. The duties, which range from 19.7% to 22.1% for Chinese companies and from 18.7% to 36.1% for Russian producers, apply to so-called cold-rolled steel, a product used in the packaging, automotive, construction sectors. The expected move comes days after the EU imposed tariffs on so-called rebars, steel products used to reinforce concrete. European manufacturers in recent years have lodged multiple complaints that their Chinese competitors are exporting steel products to Europe at unfairly low prices.
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