EU introduces anti-dumping duties on wind turbines

With immediate effect, the EU will impose countervailing duties on imports of steel towers for wind turbines from China. According to the EU Commission, a review had shown that Chinese suppliers were importing the towers at dumping prices. The duties range from 7.4 to 19.2 percent, depending on the manufacturer of the steel towers. They will be imposed for an initial period of five years. The aim is to eliminate the economic damage for European manufacturers of steel towers through dumping prices, the Brussels-based authority announced.