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EU Starts Registration of HR Stainless Steel Imports from Taiwan, China and Indonesia-The 21st China(Guangzhou)Int'l Stainless Steel Industry Exhibition
3/2/2020 - Stainless Steel Exhibition |
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The European Union has ordered its customs officials to register flat-rolled stainless steel imports from China, Taiwan and Indonesia, widening the threat of tariffs on the shipments. The step is part of an inquiry into whether Chinese, Taiwanese and Indonesian producers of hot-rolled, stainless-steel sheets and coils sold them in the EU below cost, a practice known as dumping. The move also covers a parallel EU probe of alleged trade-distorting subsidies to the manufacturers in China and Indonesia. Registration allows the EU to impose possible tariffs on past transactions. European Commission said “The shipments from China, Taiwan and Indonesia will be made subject to registration for the purpose of ensuring that, should the investigation result in findings leading to the imposition of anti-dumping and/or countervailing duties, those duties can, if the necessary conditions are fulfilled, be levied retroactively on the registered imports.”
Hot-rolled, stainless-steel sheets and coils are used for other kinds of steel and for tubes. EU imports of the product from around the world were worth almost 900 million euros in 2018, according to European industry group Eurofer, which filed complaints last year that led to the commission’s dumping and subsidy investigations against China, Taiwan and Indonesia.
The commission must decide by April 12 whether to introduce provisional anti-dumping duties on imports of this steel from the three countries and by Oct. 12 whether to impose definitive five-year levies. In the subsidy case against China and Indonesia, the commission must decide by July 10 on any provisional duties and by mid-November on any definitive levies.
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