China imposes anti-dumping measures on EU fasteners

China's Ministry of Commerce (MOC) announced Wednesday that it was to impose temporary anti-dumping measures against imports of EU carbon steel fasteners.

The preliminary ruling requires importers of certain types of carbon steel fasteners such as screws and bolts to pay deposits from December 28, the MOC said in a statement on its website.

China's carbon steel fastener industry had suffered material damages due to the dumping, the statement said following a probe.

Companies will have to pay a deposit to China Customs based on the margins -- ranging from 16.8 percent to 24.6 percent -- between the normal value of the products and the dumping price, according to the ministry.

Carbon steel fasteners are widely used in making products like cars, electronic and electrical equipment and machinery.