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EU puts anti-dumping duties on stainless steel China, Indonesia, and Taiwan

The European Commission has taken significant steps to address concerns about low-price imports of stainless steel products from China, Indonesia, and Taiwan. They’ve imposed provisional anti-dumping duties on these products, aiming to restore fair trading conditions and alleviate the pressure on EU producers.

The duties vary depending on the origin of the products, with rates ranging from 6% to 18.9%. Specifically, subsidiaries of Chinese stainless steel maker Tsingshan Holding Group, operating in Indonesia, face a 17% duty. Meanwhile, the highest rate of 18.9% applies to Shanxi Taigang Stainless Steel Co Ltd and its affiliates. Taiwanese firms face lower duties, ranging from 6% to 7.5%.

This action follows an investigation initiated after a dumping complaint by the European Steel Association last August. The surge in imports, particularly after the U.S. imposed steel import tariffs, has significantly impacted EU producers’ profitability. Imports from the aforementioned countries have surged, reaching over 30% of free market consumption in the EU.

The Commission found that these imports were undercutting EU industry prices, with undercutting margins ranging from 4.1% to 10.7%. Additionally, the EU has filed a separate complaint with the World Trade Organization regarding Indonesia’s ban on nickel ore exports, which affects the production of stainless steel.

The Commission highlighted concerns about the lack of transparency in the structure of certain exporting companies, particularly those linked to Tsingshan in Indonesia. It found discrepancies in the prices these companies paid for nickel ore compared to international market prices.

Interested parties have been given the opportunity to provide comments on the regulation and request a hearing within specified time frames. This move underscores the EU’s commitment to addressing unfair trade practices and protecting its industries.