Mar 05, 2021
EU STARTS REGISTRATION OF INDIA, INDONESIA STAINLESS CRC
2021-05-05
EU authorities have made it a requirement to register stainless steel cold rolled coil imports from India and Indonesia. The measure is part of the ongoing investigation into potential anti-dumping duties on the product, Kallanish notes.
In an official note, the authorities explain that imports of investigated products continue to increase even after the investigation was opened officially in early October 2020.
“On the basis of these statistical data, the [European] Commission found that the average monthly volume of imports of stainless steel cold-rolled flat products from the countries concerned in the period from October 2020 to January 2021, i.e. after initiation of the anti-dumping case, was 17% higher than the average monthly imports during the investigation period and 6% higher than the same period of the preceding year,” the statement explains.
As anticipated, the ongoing AD investigation is examining the period of imports from July 2019 to June 2020. The EU already has AD duties in place for stainless CRC from China and Taiwan.
According to Eurofer data, India supplied into the EU less than 100,000 tonnes of stainless CRC in 2020, the lowest level since 2016. Indonesia, on the other hand, almost trebled its exports to the EU since 2018, reaching a record level of almost 110,000t last year.
Emanuele Norsa Italy
Source: Eurometal
