The European Commission has announced that it has initiated a countervailing duty (CVD) investigation following a complaint from the European Steel Association (EUROFER) seeking anti-subsidy proceedings regarding stainless cold rolled steel imports from China.
The complaint filed in July this year claims that Chinese stainless cold rolled steel imports have been subsidized and are thereby causing material injury to the EU industry.
The product allegedly being subsidized currently falls within 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, 7220 20 21, 7220 20 29, 7220 20 41, 7220 20 49, 7220 20 81 and 7220 20 89.