EU levies AD duties on cold rolled stainless steel imports from China and Taiwan

The European Commission imposed temporary anti-dumping duties of up to 25.2 percent on imports of cold-rolled stainless steel from China and up to 12.0 percent on imports from Taiwan, following a complaint filed by EUROFER in May 2014. A Commission investigation confirmed that imports of cold rolled stainless steel from China and Taiwan were sold at dumping prices and caused significant damage to the European Union stainless steel industry.

Imports from China and Taiwan have grown by 70 percent over the past few years, and their stainless steel market share has increased by 64 percent over that period. That said, pressure from imports from these countries increased sharply in 2014, with volume growing more than 200 percent over 2010.

Chinese companies targeted by the latest solution include Baosteel Stainless Steel Co, Baoxin Stainless Steel Co Ningbo, Shanxi Taigang Stainless Steel Co Taiyun City, TPCO Stainless Steel Co, Tianjin City. Taiwan firms include Chia Far Industrial Factory Co Taipei City, Tang Eng Iron Works Co Kaohsiung City and Yieh United Steel Corp Kaohsiung City.

Other cooperating mainland Chinese companies will have a tax of 25.2 percent. Enterprise and other firms that do not cooperate - 10 to 12 percent. Since 14 August 2014, the European Commission has also been investigating subsidies for imports of cold rolled stainless steel from China and preliminary results are to be known within two months.