EEC Probes Alleged Steel Dumping By Argentina, Canada
BRUSSELS, Belgium (AP) _ The European Economic Community Commission said Friday it was studying allegations of dumping of steel coil from Argentina and Canada following a complaint by Eurofer, which represents the EEC’s main steel companies.
The Commission had notified Eurofer that previous anti-dumping duties imposed in 1983 on exporters from the two countries were close to expiring. But Eurofer alleged the EEC steel industry would be injured if the duties were dropped.
According to Eurofer, Canadian exporters were still selling the products at up to 40 percent below EEC prices.
In the case of Argentina, Eurofer said that it was worried about a diversion of steel exports to the EEC from the U.S. market because of the decline in value of the dollar.
Eurofer said worldwide Argentinian exports of steel products rose to 1.176 million metric tons in 1986 from 752,000 tons in 1982.