The European Union will impose tariffs of up to 99.7% on glass fibre producers in China and Egypt that it accuses of selling at unfairly low prices, in a closely watched and rare case involving Chinese companies operating abroad.
The EU will apply tariffs of 20.0-99.7% from Tuesday for the next five years, the higher rate applying to Jushi Group Co. Ltd and Zhejiang Hengshi Fiberglass Fabrics Co. Ltd in China and the lower rate to their operations in Egypt, the EU official journal said on Monday.
It took input prices and labour costs in Turkey as a guide to establishing a normal price for glass fibre, which has a wide range of applications, such as in wind turbine blades, boats, trucks and sports equipment.
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