EC extends anti-dumping duties on imports of CR stainless steel from China, Taiwan

The European Commission (EC) has extended definitive anti-dumping duties on imports of stainless steel cold-rolled (SSCR) flat products from China and Taiwan.

The decision, published in the Official Journal of the European Union on Thursday September 16, followed an expiry review lodged by the European steel association Eurofer in May. The extended duties will now remain in place until 30 June, 2024.

For the sampled Chinese producers - Shanxi Taigang Stainless Steel (Taiyuan City) and Tianjin Tisco & TPCO Stainless Steel Co (Tianjin City) - a duty of 24.4% will be applied.

For the non-sampled Chinese co-operating companies - Lianzhong Stainless Steel Corp (Guangzhou), Ningbo Qi Yi Precision Metals (Ningbo), Tianjin Lianfa Precision Steel Corp (Tianjin) and Zhangjiagang Pohang Stainless Steel (Zhangjiagang City) - the anti-dumping rate is 24.6%.

For all other SSCR producers from China a duty rate of 25.3% applies.

For SSCR flat products made in Taiwan the anti-dumping duty of 6.8 % will remain in force with the exception to Taiwan Chia Far Industrial Factory for which a zero duty rate was determined as no dumping was found.

The definitive anti-dumping duties apply to imports of flat-rolled stainless steel products, not further worked than cold-rolled (cold reduced), currently falling under CN codes 7219 31 00, 7219 32 10, 7219 32 90, 7219 33 10, 7219 33 90, 7219 34 10, 7219 34 90, 7219 35 10, 7219 35 90, 7219 90 20, 7219 90 80, 7220 20 21, 7220 20 29, 7220 20 41, 7220 20 49, 7220 20 81, 7220 20 89, 7220 90 20 and 7220 90 80 and originating in China and Taiwan.

The European Union has a total annual consumption of more than 3.2 million tonnes of SSCR flat products, representing 62.5% China’s spare capacity, according to the EC.

Taking into account trade defence measures from other markets against Chinese SSCR flat products - namely South Korea, Russia, Vietnam, Turkey, India and Indonesia - and given the size of the EU market, the EC determined that it was likely that such exports were likely to be redirected to the EU if the anti-dumping measures were allowed to lapse.

The request for an expiry review was lodged by Eurofer on May 27, on behalf of EU SSCR manufacturers Acciai Speciali Terni (Italy), Aperam Stainless Europe (comprising Aperam and La Plaine Saint-Denis Cedex [France], along with Aperam Belgium) and Outokumpu Stainless Oy (Finland).

The original five-year definitive anti-dumping duty on SSCR flat steel was imposed on August 2015 at 24.4-25.3% for China and 6.8% for Taiwan.

Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, base price domestic, delivered Northern Europe rose to €1,800-1,850 ($2,126-2,185) per tonne on September 10, up by €50 per tonne week on week.

A parallel anti-dumping investigation concerning SSCR products from India and Indonesia is ongoing.

SSCR is used in a wide range of downstream industries, including construction, energy equipment, infrastructure, consumer goods and vehicle production.

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