EU Imposes AD Duty on CR Stainless Imports from India & Indonesia
The European Commission has published provisional antidumping duties on imports of stainless steel cold rolled fiat products from India and Indonesia.
The European Commission has published provisional antidumping duties on imports of stainless steel cold rolled fiat products from India and Indonesia. The provisional antidumping duty rates range between 13.6-34.6% for India and between 19.9-20.2% for Indonesia. The Commission investigation confirmed that dumped imports from India and Indonesia increased by more than 50 percent in the period of the review and that their market share almost doubled. Imports from the two countries undercut EU producers’ sale prices by up to 13.4%. Producers in both countries now subject to measures have been benefiting from major distortions in the cost of the raw material inputs to their stainless steel production. These distorted raw material costs are the result of measures implemented by their respective governments to unfairly support their export-oriented industries.
The European Steel Association EUROFER greeted the measure as an important first move given the long-term implications of the unfair imports of these products on the EU market. EUROFER Director General Mr Axel Eggert said “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. 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.”
European Commission has been conducting a countervailing duty investigation against imports of stainless steel cold rolled flat products from India and Indonesia and the provisional results since 17 February 2021 and is scheduled to be made known at the end of 2021. The investigation was initiated on September 30, 2020, following the complaint by the European Steel Association EUROFER.
The Commission investigation confirmed that dumped imports from India and Indonesia increased by more than 50% in the period considered and their market share almost doubled. Imports from the two countries undercut EU producers’ sale prices up to 13.4%, while the underselling was higher, exceeding 23% up to 34.6%.
Stainless steel cold-rolled flat products are used by a variety of consumer industries, and in a wide range of final applications where resistance to both atmospheric and chemical corrosion is necessary, and where hygiene and surface aesthetic characteristics (brilliance, surface coating and/or decoration) may also be essential. Examples of SSCR products’ uses include
Car manufacturing: exhaust systems, decoration, safety, structural components
Equipment for chemicals: petrochemicals, paper making, food processing, pharmaceutical industry
Domestic appliances, kitchen utensils, tableware and cutlery
Structural and decorative elements in construction applications