EU will be officially carry out anti-dumping duties for cold-rolled stainless steel plate from China

, according to people familiar with the members of the European Union support for cold-rolled stainless steel plate imports from China and Taiwan to impose anti-dumping duties. The European Union will on imports from mainland China stainless steel plate, roll and the take-up in 24.3% to 25.3% of duties, Taiwan imported products from China to impose a 6.8% tariff.

The cause is that the European iron and steel association in May 2014, proposed a anti-dumping appeal, the appeal in mainland China and Taiwan exports to the eu enterprises at unfairly low prices cold-rolled stainless steel plate. The European commission launched an anti-dumping investigation in June 2014, ruled that a temporary tariff since March 26 this year, is valid for six months. Products imported from mainland China was imposed temporary duty of 24.2% to 25.2%, the products are imported from Taiwan, China a 10.9% – 10.9% of the tariff. And the final anti-dumping measures has recently submitted to 28 eu member states to vote, the vast majority of members voted for the measure. Finally measures usually last for five years. The European commission until September 25 will begin to implement the measures.

European iron and steel association, 2013, mainland China and Taiwan’s total exports to the eu’s 620 million euros ($686 million) worth of cold rolled stainless steel products, about 17% of the overall market share, potential dumping. European iron and steel institute, points out that during the period of 2010-2014 from mainland China and Taiwan grew more than twice of the above products, mainly because the local excess capacity growth rather than the European market.