EU Terminates Indian Stainless Steel Fastener Investigation

According to the Official Journal of the European Union published on March 23, European Commission decides that in the absence of a material casual link between the dumped imports and the injury suffered by the Union industry, it is considered that anti-dumping measures are unnecessary and therefore the present anti-dumping proceeding should be terminated.

In view of the finding that the largest Indian exporting producer, which represented 87% of the Indian exports to the Union in the investigation period did not export stainless steel fasteners to the Union at dumped prices, it is considered that a casual link between the dumped imports, according for a mere 13% of the total quantity exported from India, and the injury suffered by the Union industry cannot be sufficiently established. Indeed, it cannot be argued that the dumped Indian exports, in view of their limited volume and very limited market share (2%) and the fact that their prices were on average 12% higher than those of the non-dumped imports, would be causing the injury suffered by the Union industry.

The anti-dumping proceeding concerning imports of certain stainless steel fasteners and parts thereof, currently falling within CN codes 7318 12 10, 7318 14 10, 7318 15 30, 7318 15 51, 7318 15 61 and 7318 15 70, originating in India, is hereby terminated. This Decision will enter into force on the day following its publication in the Official Journal.