Eu makes final anti-subsidy ruling on Cold-rolled stainless steel sheet from India and Indonesia
The 2022-03-18 11:07:00
On March 15, 2022, the European Commission issued a notice to make a final anti-subsidy ruling on Stainless Steel cold-rolled Flat Products from India and Indonesia. It decided to impose 4.3%-7.5% countervailing duty on products from India and 0-21.4% countervailing duty on products from Indonesia. Europe could face steel and iron ore shortages
The 2022-03-18 08:13:00
From February 24, Ukraine steel companies announced the suspension of production, parked in the port of steel products have not been shipped. Dealers in the Philippines say ongoing military operations on Ukrainian territory and U.S. and Western sanctions against Russia could create steel and iron ore shortages in Europe.
Russia and Ukraine are among the leading exporters of ferrous metals. According to data provided by the Russian Federal Customs Service, Russia shipped 3.7 million tons of steel products to EU countries in 2021, and Ukraine exported more than 2.5 million tons of steel products to EU countries. Alexander Seric, president of Metals Consulting International, said a shortage of products from black Sea ports could have an impact on the global steel market. (kaijie)
The CN codes of the products involved in China Metallurgical News (2nd edition of 02 on March 18, 2022) are 7219 31 00, 7219 32 10, 7219 32 90, 7219 33 10, 7219 33 90, 7219 34 10, 7219 34 90, 7219 34 90 and 7219 35 10, 7219 35 90, 7219 90 20, 7219 90 80, 7220 20 21, 7220 20 29, 7220 20 41, 7220 20 49, 7220 20 81, 7220 20 89, 7220 90 20 and 7220 90, 80. The subsidy and damage investigation period of this case is from July 1, 2019 to June 30, 2020, and the damage analysis period is from January 1, 2017 to June 30, 2020.
On 17 February 2021, the European Commission (EC) announced the initiation of an anti-subsidy investigation against cold-rolled stainless Steel from India and Indonesia on the basis of an application submitted by the European Steel Association (EUROFER) on 4 January 2021.
