The EU’s imposition of provisional anti-dumping duties on stainless steel cold-rolled flat products imports from India and Indonesia is an “important first move”, with anti-subsidy measures expected to follow, says European steelmakers’ association Eurofer.
The EU has imposed duties of 13.6-34.6% on these products, following the conclusion of the European Commission’s investigation initiated last August after a complaint lodged by Eurofer (see separate story).
“We welcome that the European Commission has confirmed imports of stainless steel from India and Indonesia were sold at dumped prices and caused significant injury to the EU stainless steel industry,” Eurofer director general Axel Eggert says in a note sent to Kallanish. “These provisional anti-dumping duties are an important first step in rolling back the effects of dumping of stainless steel on the EU market. We also expect anti-subsidy measures to eventually come into play.”
The provisional findings of the EU’s anti-subsidy probe into Indian and Indonesian stainless CR flats are expected by end-2021.
Producers in both countries have been benefiting from major distortions in the cost of raw material inputs for their stainless steel production, according to Eurofer. These are the result of measures implemented by their respective governments to unfairly support their export-oriented industries, it adds.
“The impact of these already major raw material distortions is expected to become even more acute in the coming years,” Eggert observes.
Adam Smith Germany