Has anybody heard anything about this? It was received as an email from our local Electric Center branch:
"Within the last 24 hours we have been made aware that on the 14th November the European Commission imposed an anti-dumping surcharge on imports of all threaded tube and malleable iron fittings originating from China. The end result is that any supplier/manufacturer sourcing this type of product for the UK market will now have their imports subjected to an immediate surcharge of 67.8%.
I have already spoken to Niglon (our Acel range is also affected), DETA and Greenbrook – all of whom have advised that they have no choice but to accept this levy and pass it into the market.
Greenbrook has increased its prices with immediate effect and both Niglon/Acel and DETA intend to increase prices from December 1st
The affected Acel products will increase in price on 01/12/12 and the corresponding net trades will also increase to allow us to pass this increase through into the market. As soon as we have the information from Niglon we will circulate the revised Acel cost and net trades to you.
Those profit centres who may try and capitalise on this price increase and place large orders on our principal suppliers ahead of the proposed increase may find themselves disappointed. From the conversations I have had with the likes of Niglon and DETA it would appear that the market has been caught unawares and there is insufficient capacity on hand in the UK right now to meet the spike in demand resulting from this announcement. DETA and Niglon have advised that they are refusing excessively large orders to try and maintain a continuity of supply on day to day trade.
Apologies for this sudden announcement, but as I've already said we were only made aware yesterday and it would appear that the market hadn't anticipated it either."
"Within the last 24 hours we have been made aware that on the 14th November the European Commission imposed an anti-dumping surcharge on imports of all threaded tube and malleable iron fittings originating from China. The end result is that any supplier/manufacturer sourcing this type of product for the UK market will now have their imports subjected to an immediate surcharge of 67.8%.
I have already spoken to Niglon (our Acel range is also affected), DETA and Greenbrook – all of whom have advised that they have no choice but to accept this levy and pass it into the market.
Greenbrook has increased its prices with immediate effect and both Niglon/Acel and DETA intend to increase prices from December 1st
The affected Acel products will increase in price on 01/12/12 and the corresponding net trades will also increase to allow us to pass this increase through into the market. As soon as we have the information from Niglon we will circulate the revised Acel cost and net trades to you.
Those profit centres who may try and capitalise on this price increase and place large orders on our principal suppliers ahead of the proposed increase may find themselves disappointed. From the conversations I have had with the likes of Niglon and DETA it would appear that the market has been caught unawares and there is insufficient capacity on hand in the UK right now to meet the spike in demand resulting from this announcement. DETA and Niglon have advised that they are refusing excessively large orders to try and maintain a continuity of supply on day to day trade.
Apologies for this sudden announcement, but as I've already said we were only made aware yesterday and it would appear that the market hadn't anticipated it either."
