Chinese steel, EU imposes anti-dumping measures

The European Steel Association EUROFER reports with satisfaction about the recent EU anti-dumping measures against imports of stainless steel cold rolled flat products from China and Taiwan.
According to a press release dated March 25, the European Commission has imposed provisional anti-dumping duties of up to 25,2 % on imports from China and up to 12,0 % on imports from Taiwan, following the complaint which was filed by EUROFER in May 2014. The Commission’s investigations have confirmed that the products were sold at dumped prices and caused significant injury to the EU stainless steel industry.
Imports in volume from China and Taiwan grew by 70% between 2010 and 2013 and their market share in the Community market increased by 64% in the same period. EUROFER's General Director Axel Eggert states: “The root of the problem resides in the huge capacities that have been built in China, that largely exceed local consumption growth and cannot be absorbed domestically. Taiwan has also a structural overcapacity problem. In recent years, the EU stainless steel industry has made painful efforts to restructure reducing overcapacities. But at the same time, China has been subsidizing the expansion of its stainless steel industry which is now flooding the global market and displacing trade flows.”
The duties set by the European Commission are provisional pending the outcome of an investigation due to end in September.

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