08/31/2015

Eurofer, Brussels

Definitive anti-dumping duties on China and Taiwan stainless steel imports a crucial measure

The European Commission published definitive anti-dumping duties on imports of stainless steel cold-rolled flat products (SSCR) originating in China and Taiwan (Regulation 2015/1429). Eurofer greeted the measure as an important move given the long term implications of the dumping of these products on the EU market.


The European Commission Implementing Regulation largely confirms existing provisional measures and imposes definitive anti-dumping duty rates of up to 25.3% on SSCR imports from China, and up to 6.8% on imports from Taiwan. The investigation leading up to these measures was initiated in June 2014 following a complaint submitted by Eurofer.


The Commission investigation confirmed that dumped imports from China and Taiwan increased massively in the period 2010-2013. Official data revealed that imports from China more than doubled in 2014 compared to the Investigation Period. Imports from the two countries undercut EU producers’ sale prices by more than 10%, while the injury margin was higher, exceeding 20%.


Speaking after the publication of the definitive anti-dumping duties Regulation, Eurofer Director General Axel Eggert said, “China and Taiwan have a structural overcapacity problem, and have been using the openness of the EU market to shed their excess production. This dumping has seriously undermined the profitability of the European stainless steel industry, and has ensured that European producers have not faced a level playing field for their products.”


“These remedial duties are crucial if the stainless steel industry is to recover from the effects of Chinese and Taiwanese dumping. The industry’s economic sustainability is vital to achieving the EU’s goal of ensuring jobs, growth and investment in Europe,” added Mr Eggert.


Eurofer calls on the Commission to remain vigilant with regard to any attempts by Chinese and Taiwanese exporters to circumvent or absorb these measures.


Eurofer, Brussels