CISA says EU stainless steel duties are over-protection
2020-04-16 08:41:08 [Print]
The European Commission has imposed excessive provisional anti-dumping duties on some Chinese stainless steel products, China's steel industry association said on Monday.
"Hot-rolled stainless steel products are included in the EU's steel safeguard measures, which had given China quotas. The anti-dumping duties this time are over-protection," the China Iron and Steel Association (CISA) said.
The CISA was referring to safeguard measures the EU has officially implemented since 2019, under which it granted tariff-rate quotas for certain countries based on their 2015-17 exports.
But the European Commission, the EU's executive, adjusted its measures last September to improve the functioning of the quota for some products, including hot-rolled flat steel.
The commission is imposing provisional anti-dumping duties on hot-rolled stainless steel sheets and coils made in China, Indonesia and Taiwan, the official EU journal reported last week, nearly eight months after launching a probe into low-price imports. The move is part of EU efforts to restore fair trading conditions on the Union market and end the price depression, the journal said.
A number of Chinese companies will be hit with anti-dumping duties with rates of 14.5%-18.9%, including affiliates of stainless steel giants Tsingshan Holding Group and Taiyuan Iron & Steel (Group) Co., Ltd.
"Hot-rolled stainless steel products are included in the EU's steel safeguard measures, which had given China quotas. The anti-dumping duties this time are over-protection," the China Iron and Steel Association (CISA) said.
The CISA was referring to safeguard measures the EU has officially implemented since 2019, under which it granted tariff-rate quotas for certain countries based on their 2015-17 exports.
But the European Commission, the EU's executive, adjusted its measures last September to improve the functioning of the quota for some products, including hot-rolled flat steel.
The commission is imposing provisional anti-dumping duties on hot-rolled stainless steel sheets and coils made in China, Indonesia and Taiwan, the official EU journal reported last week, nearly eight months after launching a probe into low-price imports. The move is part of EU efforts to restore fair trading conditions on the Union market and end the price depression, the journal said.
A number of Chinese companies will be hit with anti-dumping duties with rates of 14.5%-18.9%, including affiliates of stainless steel giants Tsingshan Holding Group and Taiyuan Iron & Steel (Group) Co., Ltd.
