Brussels, 27 August 2015 - The European Commission today published definitive anti-dumping duties on imports of stainless steel cold-rolled flat products (SSCR) originating in China and Taiwan (Regulation 2015/1429). EUROFER greeted the measure as an important move given the long term implications of the dumping of these products on the EU market.
The European Commission Implementing Regulation largely confirms existing provisional measures and imposes definitive anti-dumping duty rates of up to 25.3% on SSCR imports from China, and up to 6.8% on imports from Taiwan. The investigation leading up to these measures was initiated in June 2014 following a complaint submitted by EUROFER.
The Commission investigation confirmed that dumped imports from China and Taiwan increased massively in the period 2010-2013. Official data revealed that imports from China more than doubled in 2014 compared to the Investigation Period. Imports from the two countries undercut EU producers’ sale prices by more than 10%, while the injury margin was higher, exceeding 20%.
Speaking after the publication of the definitive anti-dumping duties Regulation, EUROFER Director General Axel Eggert said, “China and Taiwan have a structural overcapacity problem, and have been using the openness of the EU market to shed their excess production. This dumping has seriously undermined the profitability of the European stainless steel industry, and has ensured that European producers have not faced a level playing field for their products.”
“These remedial duties are crucial if the stainless steel industry is to recover from the effects of Chinese and Taiwanese dumping. The industry’s economic sustainability is vital to achieving the EU’s goal of ensuring jobs, growth and investment in Europe,” added Mr Eggert.
EUROFER calls on the Commission to remain vigilant with regard to any attempts by Chinese and Taiwanese exporters to circumvent or absorb these measures.
The European Steel Association (EUROFER) represents members responsible for 100% of steel production in the European Union. Founded in 1976, EUROFER’s headquarters is located in Brussels. It is the voice of the European steel industry to policy makers, civil society and relevant stakeholders.
EUROFER’s members are steel companies and national steel federations based throughout the EU. The national steel federations and major steel companies of Switzerland and Turkey are also associate members.
The European steel industry is a world leader in innovation and environmental sustainability. It has a turnover of around €170 billion and directly employs 328 thousand highly-skilled people, producing on average 170 million tonnes of steel per year. More than 500 steel production sites across 24 EU Member States provide direct and indirect employment to millions more European citizens. Closely integrated with Europe’s manufacturing and construction industries, steel is the backbone for development, growth and employment in Europe.
Steel is the most versatile industrial material in the world. The thousands of different grades and types of steel developed by the industry make the modern world possible. Steel is 100% recyclable and therefore is a fundamental part of the circular economy. As a basic engineering material, steel is also an essential factor in the development and deployment of innovative, CO2-mitigating technologies, improving resource efficiency and fostering sustainable development in Europe.
Stainless steel cold-rolled flat (SSCR) products are used by a variety of consumer industries, and in a wide range of final applications where resistance to both atmospheric and chemical corrosion is necessary, and where hygiene and surface aesthetic characteristics (brilliance, surface coating and/or decoration) may also be essential. SSCR market and applications are highly diversified, justifying a broad definition of the product, covering most applications.
Examples of SSCR products’ uses include:
Charles de Lusignan, Communications Manager, +32 2 738 79 35 (firstname.lastname@example.org)