By Ines Van Lierde, EuroAlliages
EU duties on silicon originating in the People’s Republic of China have been renewed this year for an additional 5 years, as detailed in the Commission Implementing Regulation 2016/1077 of 1 July 2016. The regulation imposes also that the extension of the measures to imports consigned from the Republic of Korea and from Taiwan is maintained, to capture EU imports originating in China via these routes.
The duty imposed is 16,8%, compared with 139% in the US and more than 200% in Canada. For this reason, the EU duty is much more easily absorbable by the exporter.
The first duties on Silicon were imposed in 1990, and the EU has felt the need to renew these ever since because of the continuing low price of imports emanating from China.
Moreover, overcapacity, which touches many sectors, is further deflating the price of many metals, including silicon. For example, China has the capacity to produce more than twice the world’s demand for silicon each year, and due to the slowdown in its own economy, looks to export this material, to overcome this overcapacity.
For more information regarding silicon duties, please contact EuroAlliages: http://www.euroalliages.com/