The European Commission has imposed provisional anti-dumping duties on some stainless steel products from China, Indonesia and Taiwan, according to the official EU journal, nearly eight months after launching a probe into low-price imports.
FILE PHOTO: Stainless steel tubes seen at a factory in Britain, October 30, 2018. Christopher Furlong/Pool via REUTERS/File Photo
It is expected the duties will restore fair trading conditions, end the price depression and allow the EU industry to recover, said the regulation dated April 7, noting price pressure had had a serious impact on profitability. Prices of these imports “undercut the industry’s prices,” it added, putting the undercutting margins at 4.1% for Taiwan, 9.3% for China and 10.7% for Indonesia.
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