The European Commission has decided to extend the antidumping duties on cold rolled stainless steel supplied from China and Taiwan for a new five-year period.
As stated in the opinion, the abolition of the taxes introduced in 2015 will cause financial losses to European stainless steel producers. Regional metallurgical associations also spoke in favor of the continuation of the restrictions.
The tax rate for Chinese companies ranges from 24.4% to 25.3%. For Taiwanese manufacturers, this rate is 6.8%. The European Commission has also confirmed that the zero rate is maintained for Taiwanese company Chia Far Industrial Factory Company.
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