EU: Anti-dumping measure against seamless stainless steel tubes from China to be extended
EU: Anti-dumping measure against seamless stainless steel tubes from China to be extended

15 March 2024 – The EU is likely to maintain the anti-dumping duties of up to 71.9% against seamless stainless steel tubes from China. And base metals, such as nickel, copper, zinc and aluminium, are showing a positive trend at the start of European trading.

EU: Anti-dumping measure against seamless stainless steel tubes from China to be extended

Yesterday, Thursday 14 March 2024, the European Commission published its General Disclosure Document (GDD) on the Expiry review of the anti-dumping measures applicable to imports of seamless pipes and tubes of stainless steel (SSSPT) originating in the People’s Republic of China.

In it, the Commission unsurprisingly comes to the conclusion “that there were no compelling reasons of Union interest against the continuation of the existing measures on imports of SSSPT from the PRC”.

This means that the measures are likely to be extended by 15 April 2024 at the latest. And the high anti-dumping duties of 48.3% to 71.9% will remain in place.

No changes are expected, as according to the EU Anti-Dumping Basic Regulation, existing measures may only be extended or repealed.

But the Commission does not necessarily abide by its own rules

Even though changes to existing anti-dumping measures are generally not permitted, the Commission had unlawfully added CN codes in the expiry review against imports of stainless steel cold-rolled flat products originating in the People’s Republic of China and Taiwan. However, legal action against these unlawful changes before the European Court of Justice ultimately failed due to the Commission’s legal tricks.

European nickel prices remain friendly

Nickel prices also opened on a favourable note in Europe today, Friday, and are currently trading at around 18,289 USD/MT. Copper, zinc and aluminium are also showing positive signs. Copper in particular rose by more than 1.6% in early trading.

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