European Commission will initiate an anti-subsidy proceeding on imports of cold-rolled flat stainless steel products originating in India and Indonesia. A notice was released by the European Commission on Feb 17.
The decision comes after a complaint lodged by the European Steel Association (EUROFER) on Jan 4, on behalf of the Union’s stainless steel cold-rolled flat producers. Allegations stated that subsidized imports of stainless steel cold-rolled products from India and Indonesia were hurting the Union Industry.
Imports that will investigated include 7219 31 00, 7219 32 10, 7219 32 90, 7219 33 10, 7219 33 90, 7219 34 10, 7219 34 90, 7219 35 10, 7219 35 90, 7219 90 20, 7219 90 80, 7220 20 21, 7220 20 29, 7220 20 41, 7220 20 49, 7220 20 81, 7220 20 89, 7220 90 20 and 7220 90 80. The CN codes are given for information only, noted European Commission.
The investigation will clarify whether the product under investigation is being subsidised and if the subsidised imports have triggered injury to the Union industry of stainless steel. If the conclusions are affirmative, the investigation will further examine whether the imposition of measures would not be against the Union interest. The Governments of India and Indonesia have been invited for consultations.