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EU imposes tariffs on stainless steel from India and Indonesia

The EU official newspaper announced on Thursday that the European Commission's investigation...

EU imposes tariffs on stainless steel from India and Indonesia

The EU official newspaper said on Thursday that the European Commission, which is conducting the investigation, has set a tax of 10.2% for Indonesia's IRNC and 20.2% for other Indonesian producers.

The European Union has introduced tariffs following an investigation that cold rolled flat stainless steel products imported from India and Indonesia were being sold at artificially low prices.

The EU official newspaper said on Thursday that the European Commission, which is conducting the investigation, has set a tax of 10.2% for Indonesia's IRNC and 20.2% for other Indonesian producers.

Rates for India are 13.9% for Jindal Stainless Ltd and Jindal Stainless Hisar Ltd and 35.3% for other Indian manufacturers.

The commission said the anti-dumping duties, which will come into effect from Friday, are aimed at fixing the damage done to EU manufacturers.

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