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

The European Steel Association (Eurofer) has urged the European Commission to further hike the current antidumping duties (AD) that were recently set on hot-rolled stainless steel (HRSS) products from Indonesia, China, and Taiwan. 


The European Commission had launched an investigation on HRSS imports after Eurofer lodged a complaint in August 2019, resulting in the recent AD margins on HRSS imports from China at 19pc, Indonesia at 17.3pc, and Taiwan at 7.5pc. 


However, Axel Eggert, Eurofer’s director-general said in a press release on Oct 8 that these producers have a “structural overcapacity problem” where actual dumping margins range from 17.7pc to 106.5pc. 


He observed in a whitepaper released by Eurofer on Oct 8, that the Commission did not fully apply the Trade Defence Instruments rules to give domestic producers in the European Union a fair chance and avoid the large market injury caused by these dumping activities. 

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