Announcement: Preliminary Results of Stainless Steel Anti-Circumvention by EC

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Announcement: Preliminary Results of Stainless Steel Anti-Circumvention by EC

Date: 8 March 2024

The European Commission has unveiled the preliminary findings of ongoing anti-circumvention probes concerning cold rolled stainless steel originating from Indonesia, with routes through Taiwan, Turkey, and Vietnam. Official confirmation of these outcomes is anticipated in the following weeks.Stainless Steel Anti-Circumvention

Breaking News: EC's Initial Findings

Insider sources have revealed that future imports of cold-rolled stainless steel from Taiwan and Vietnam will likely incur a 19.3% anti-dumping duty. However, Turkey is expected to avoid such duties. Additionally, countervailing duties of 20.5% are anticipated for Taiwan, Vietnam, and Turkey. Certain implicated companies may be eligible for exemptions.

It's important to note that these anti-dumping and countervailing duties are provisional and subject to potential adjustments prior to their formal declaration.

Controversial Cases Surrounding Stainless Steel Anti-Circumvention

The Commission's handling of both anti-circumvention inquiries has sparked significant criticism. Concerns stem not only from the perceived disproportionality and lack of basis in the investigations but also from notable administrative shortcomings throughout the proceedings.

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