EU to impose anti-dumping duties on China, Taiwan stainless steel

The European Union will impose punitive anti-dumping duties from Thursday on imports of stainless steel cold-rolled sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Journal. The EU will apply tariffs of about 24-25 percent for imports from China and of about 11-12 percent for Taiwanese product, following a complaint lodged in May 2014 by the European steel producers association, Eurofer. Eurofer has said China and Taiwan shipped 620 million euros ($677.7 million) of cold-rolled stainless steel into the EU in 2013, some 17 percent of the overall market, and were guilty of dumping, or selling at unfairly low prices. The duties, set by the European Commission, are provisional pending the outcome of an investigation due to end in September.

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