The EU Imposes AD Measure Against Stainless Steel from China and Russia

According to a report from BBC, this has been the latest antidumping measure against non-EU member states. There are at least 9 antidumping investigations in progress in the EU. EU’s trade specialist Cecilia Malmstroem noted in a declaration, “We could not ignore the unfair competition that has threatened our industries resulted from imported products at low prices manipulated by certain people. We will do whatever it takes to make sure that all our trade partners abide by the game rules.”

According to the announcement, the EU has launched the 6-month antidumping measure against non-cold rolled steel products imported from China (at the rate of 13.8-16%) and Russia (at the rate of 19.8-26.2%) since Feb. 13th. This measure can be also extended to become 5 years long.

On Feb. 15, Aegis Europe expressed its disagreement in a protest held in Brussel to recognize China as a market economy. Because when China is considered a market economy, products from China can enjoy lower tariffs. Many steel plants in the UK have been shut down due to bad economy and thousands of employees have been laid off.

According to the EU’s statistics, in 2013 EU member states imported merely 300 thousand tons of steel products from China, however, this record hiked to about 700 thousand tons in 2014.