|Bid||0.00 x 140000|
|Ask||0.00 x 100000|
|Day's Range||44.28 - 45.19|
|52 Week Range||27.72 - 47.33|
|PE Ratio (TTM)||1,282.57|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The European Union has decided to set duties on hot-rolled steel from Brazil, Iran, Russia and Ukraine after a complaint by EU manufacturers that the product used for construction and machinery was being sold at excessively low prices. The EU will levy anti-dumping tariffs of between 17.6 and 96.5 euros ($20.6-112.8) per tonne from Saturday, its official journal said.
The European Union is planning to impose duties of up to 33 percent on hot-rolled steel imports from Brazil, Iran, Russia and Ukraine to counter what it sees as unfairly low prices, according to a document seen by Reuters. The EU has over 40 anti-dumping measures to aid European steel producers, mostly aimed at China. In June, the bloc set duties of up to 35.9 percent on Chinese hot-rolled steel, prompting an angry response from Beijing.
Russia appealed to the World Trade Organisation on Monday to settle a dispute with the European Union over anti-dumping duties imposed on its steelmakers, one of a number of trade disputes between the two. The EU introduced duties in August of between 18.7 and 36.1 percent on Russian cold rolled steel, a product used in the construction and automotive industries, following allegations Russian steelmakers were exporting at unfairly low prices.