EU MINISTERS PLUG ILLICIT FLOW OF CHEAP CHINESE MOLYBDENUM WIRE EXPORTS
January 1st, 2012
BY KEITH NUTHALL
AN ILLICIT flow into the European Union (EU) of dumped cut-price China-made molybdenum wire is being choked off by new antidumping duties of 64.3% that will henceforth apply to exports of this metal product from Malaysia. The EU Council of Ministers has been convinced that a sudden bloom of molybdenum wire exports from Malaysia to the EU - from zero in 2009 to six tonnes from April 2010 to March 2011 - was not because of the birth of a Malaysian molybdenum sector. Rather unscrupulous traders were routing China-made molybdenum wire to Europe via ...
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