Steel Network
13,407.44 TRY BIST 100 BIST 100
51.79 EUR EUR EUR
43.42 USD USD USD
6.28 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
34.13 TRY Interest Interest
69.26 USD Fossil Oil Fossil Oil
13,407.44 USD Copper Copper
168.08 USD Silver Silver
103.38 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,761.05 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

EU tariffs on Indonesian stainless steel reduced exports

According to the Indonesian Ministry of Commerce spokesman on Tuesday...

EU tariffs on Indonesian stainless steel reduced exports

A spokesperson representing Indonesia's Ministry of Commerce said on Tuesday that the European Union anti-dumping tariffs on Indonesian stainless steel severely restricted its exports, and the country announced its decision to file a complaint with the World Trade Organization.

The WTO said last week that Indonesia had requested consultation with the EU on a dispute over anti-dumping duties.

Last year, the EU imposed an anti-appropriation duty of 21% on imports of cold rolled stainless steel products from Indonesia, complementing the anti-dumping duties imposed in November 2021, which ranged from 10.2% to 20.2%.

"EU policy was not found suitable with WTO rules. Indonesia's exports to the EU amounted to about half a billion dollars annually, and these tariffs reduced the competitive capacity of Indonesian products," WTO said in a statement.

After the introduction of the first anti-dumping duties, Indonesia's supply to the EU decrease to about $229 million in 2021. In contrast, providing an additional anti-appropriations tax caused it to drop to approximately $40 million in January-November last year.

The EU commission said the bloc had imposed tariffs "to counter illegal state-sponsored appropriations", which it said were due to concessionary funding from China and banning Indonesian exports of nickel or.

 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Russian billet market trapped in a low-demand zone

Thursday, January 29, 2026

KARDEMİR announced departure of two senior executives

Friday, January 30, 2026

Tenaris signed a contract with TPAO for the Sakarya Gas field phase 3 project

Thursday, January 29, 2026

Liberia extends mining agreement with ArcelorMittal until 2050

Friday, January 30, 2026

MMK sets new galvanized pipe production record in 2025

Saturday, January 31, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now