The European Union has officially announced that it will impose anti-dumping duties on imports of cold-rolled flat stainless steel from China and Taiwan.
According to a notice published Wednesday in the EU’s official journal, tariffs of up to 25.2 percent will be applied on sheet, coil and strip imports from China and up to 12 percent on Taiwanese products, Reuters reported.
The duties, which will go into effect from Thursday, came in the wake of a complaint lodged in May last year by Eurofer, the European steel producers association.
Eurofer had alleged that Chinese and Taiwanese producers were dumping or selling at unfairly low prices in the European market.
Imports from the China and Taiwan more than tripled from 2010 to 2014 because of overcapacity in those places rather than market growth in Europe, Eurofer said.
The duties, set by the European Commission, are provisional pending the outcome of an investigation due to end in September.
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