EUROFER: AD measures on stainless CR steel will not limit competition

The European Commission has announced that it has imposed a provisional antidumping duty on cold rolled stainless steel product imports from China and Taiwan.
 
Cold rolled stainless steel import volumes from China and Taiwan to the EU grew by 70 percent between 2010 and 2013 and their share in the EU market increased by 64 percent in the same period. According to EUROFER, with an average EU price undercutting of 10.5 percent, the increasing dumped imports from China and Taiwan did not allow the EU industry to maintain its market share or become profitable.
 
Accordingly, the provisional antidumping duties range between 10.9 percent and 12 percent for Taiwan and between 24.3 percent and 25.2 percent for China.
 
Commenting on the commission's decision, EUROFER director general Axel Eggert stated, "The imposition of these remedial measures by the commission will not limit competition in the EU market. Indeed, in addition to sales by EU producers, who have enough capacities and can provide the full range of products, there is an abundance of offers from other non-EU countries not subject to trade measures. China and Taiwan will also be able to continue supplying customers when selling at non-injurious conditions."