Today with two short messages. On Friday the EU announced that they will impose provisional anti-dumping duties on stainless steel cold rolled flat-products originating in India and Indonesia. And there is still not enough movement in global logistics.
EU to impose new provisional anti-dumping duties
The EU announced on April 30, 2021, that it plans to impose provisional anti-dumping duties on stainless steel cold rolled flat-rolled products (SSCR) originating in India and Indonesia.
SSCRs originating in India are expected to be subject to anti-dumping duties ranging from 13.4% to 34.6%.
SSCRs originating in Indonesia are expected to be subject to anti-dumping duties of between 19.9% and 20.2%.
A formal announcement is currently pending and will probably not be expected until around the end of May 2021.
Global container crisis possibly by 2022
As American Shipper reports, the container crisis triggered by the Corona pandemic could last until 2022. Many containers are still in the wrong ports and cannot be returned where they are desperately needed. In addition, it appears that new container production is not being increased.
All this keeps the availability of transport capacity limited and prices high. And at the moment, it doesn’t look like this will change much by the end of 2021.
Source: freightwaves.com
Read also:
- Stainless Espresso: Chinese steel prices to rise by $250 per ton
- Stainless Espresso: Offer stops in Asia
- Stainless Espresso: US steel prices higher for longer, Book release
We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
