Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China extended its anti-dumping duties on stainless steel billets and hot-rolled plates or coils from European Union, Japan, South Korea and Indonesia effective Dec 23. 


Investigation authority in China stated stainless steel billets and hot-rolled stainless steel plates/coils originating from the EU, Japan, the Republic of Korea and Indonesia are causing substantial damage to China’s domestic industry, according to the notice. 


China imported 26,360mt of semi-finished stainless-steel products in the first ten months of 2019. Of the total imports of semi-finished stainless-steel products, 22,572mt were from Indonesia, 1893mt from Europe.


The products are used as raw materials to produce cold-rolled stainless steel in industries like the shipping, container industry, railway, electric power, petroleum and the petrochemical industry



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