The European Union (EU) has initiated an expiry review of anti-dumping measures on imports of stainless steel cold-rolled flat products originating from Taiwan and China. The request has been placed on the grounds that the expiry of the measures would likely result in continuation or recurrence of dumping and continuation of hurting the EU stainless industry.
The request to review anti-dumping measure was lodged on May 27 by European Steel Association (EUROFER) which comprises 25pc of total European Union production of stainless steel cold-rolled flat production.
The review is for flat-rolled products of stainless steel which is not further worked than cold-rolled (cold-reduced) and fall under CN codes; 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.
China and Taiwan allegedly continued dumping the products in EU regions at domestic prices for exports. The EU had provided sufficient evidence that imports of the product under review from the Taiwan and PRC in the EU initially decreased but imports from Taiwan rose back again subsequently. This resulted in a negative effect on the level of the prices charged and the market share held by the EU industry.