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This morning in metals, the European Union has seen its level of imports surge in 2018, a Republican Senator has unveiled a bill that seeks to check the president’s authority on tariffs and the E.U. plans to impose tariffs on the U.S. next month.

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EUROFER Links U.S. Tariffs With Import Rise

In light of the U.S.’s decision to impose its aluminum and steel tariffs on the E.U. (after the deadline on the 28-member bloc’s temporary exemption came and went June 1), the European Steel Association (EUROFER) says the E.U.’s steel exports have jumped 8% this year, Reuters reported.

The association argues that the import surge is directly attributable to the redirecting of supplies into Europe (as a result of the U.S.’s Section 232 tariffs).

“The European steel industry condemns the US import tariffs on steel. This protectionist trade action is absurd – it hits the US’ own allies hardest,” said Geert Van Poelvoorde, president of EUROFER, in a release Thursday. “We also now expect to face a large loss of market share in the US, a market that accounts for 16% of EU exports.”

Corker Introduces Bill to Check President’s Tariff Authority

It has been a big year for tariffs in the world of metals, an arena in which the office of the president has quite a bit of power.

Sen. Bob Corker (R-Tenn.), however, has introduced a bill that would seek to limit the president’s power with respect to tariffs, the Washington Post reported.

According to the bill, the president would have to win congressional approval if he plans to enact tariffs on the grounds of national security, the Post reported.

E.U. Plans Retaliatory Tariffs

The E.U. will slap $3.3 billion in tariffs on U.S. goods next month, according to a CNN report.

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E.U. Trade Commissioner Cecilia Malmstrom called the U.S. steel and aluminum tariffs “unilateral and illegal,” according to the report.

The U.S. Department of Commerce. qingwa/Adobe Stock

The U.S. Department of Commerce announced Wednesday that it made a final affirmative determination in its anti-dumping investigation of stainless steel flanges from China.

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According to a release, Commerce determined Chinese exporters sold the product at 257.11% less than fair value.

Imports of the stainless steel flanges from China in 2017 amounted to 2,964 metric tons and were valued at $21.8 million, according to the DOC. The 2017 import total marked a 20.8% increase from the 2,454 metric tons imported from China in 2016.

The Coalition of American Flange Producers and its individual members — Core Pipe Products, Inc. (Carol Stream, Illinois) and Maass Flange Corporation (Houston, Texas) — were the petitioners in the case (the petitions were filed in August 2017).

The DOC assigned the rate specifically to China’s Shanxi Guanjiaying Flange Forging Group Co., “based on adverse facts available due to the respondent’s failure to provide complete responses to certain sections of Commerce’s questionnaire.” Similar reasoning was made for the China-wide rate — also 257.11% — which several other companies fall under. The DOC fact sheet on the probe also names the following Chinese firms: Hydro-Fluids Controls Limited; Songhai Flange Manufacturing Co., Ltd.; and Dongtai QB Stainless Steel Co., Ltd.

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The case now moves to the U.S. International Trade Commission. If that body also rules in the affirmative, the DOC will issue an anti-dumping duty order. A decision is expected by July 19.