The European Union has imposed tariffs on imports of cold-rolled flat stainless steel products from India and Indonesia after an investigation found they were being sold at artificially low prices. The European Commission has set duties of 10.2% for Indonesia's IRNC and 20.2% for other Indonesian producers. The rates for India are 13.9% for Jindal Stainless Ltd and Jindal Stainless Hisar Ltd and 35.3% for other Indian producers. The anti-dumping duties will take effect from 19 November 2021The European Commission has confirmed imports of stainless steel from India and Indonesia were sold at dumped prices. Producers in both countries now subject to measures have been benefiting from major distortions in the cost of raw materials. It is essential that the European Commission addresses to the fullest extent both dumped and subsidised exports of SSCR from India and Indonesia.The investigation leading up to these provisional measures was initiated on 30 September 2020 following a complaint submitted by EUROFER. The Commission said that the anti-dumping duties aim to remedy damage caused to EU producers such as Acerinox and OutokumpuThe Commission has imposed provisional anti-dumping duty rates ranging from 13.6% to 34.6% from India, and from 19.9% to 20.2% on imports from Indonesia in May 2021. 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%.
The European Union has imposed tariffs on imports of cold-rolled flat stainless steel products from India and Indonesia after an investigation found they were being sold at artificially low prices. The European Commission has set duties of 10.2% for Indonesia's IRNC and 20.2% for other Indonesian producers. The rates for India are 13.9% for Jindal Stainless Ltd and Jindal Stainless Hisar Ltd and 35.3% for other Indian producers. The anti-dumping duties will take effect from 19 November 2021The European Commission has confirmed imports of stainless steel from India and Indonesia were sold at dumped prices. Producers in both countries now subject to measures have been benefiting from major distortions in the cost of raw materials. It is essential that the European Commission addresses to the fullest extent both dumped and subsidised exports of SSCR from India and Indonesia.The investigation leading up to these provisional measures was initiated on 30 September 2020 following a complaint submitted by EUROFER. The Commission said that the anti-dumping duties aim to remedy damage caused to EU producers such as Acerinox and OutokumpuThe Commission has imposed provisional anti-dumping duty rates ranging from 13.6% to 34.6% from India, and from 19.9% to 20.2% on imports from Indonesia in May 2021. 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%.
