EU confirms extension of tariffs on stainless steel from Taiwan, Turkey and Vietnam
An official notice detailing the extension of existing Indonesian measures to import SSCR flat products from Taiwan, Turkey and Vietnam has now been published on the Commission's website.
It confirms the application of the existing 20.5% countervailing duty rate on Indonesian SSCR to imports from Taiwan, Turkey and Vietnam, and the expansion of Indonesia's 19.3% anti-dumping duty on SSCR to include Taiwan and Vietnam. The Commission will suspend Taiwan's current 6.8% anti-dumping duty on non-exempt companies to avoid double imposition of duties.
The confirmation of the measure comes two months after MEPS reported preliminary results Commission investigation into potential circumvention of Indonesian cardiovascular disease measures first introduced in 2022.
The investigation covered the period from January 1, 2020 to June 30, 2023 and found that imports from Taiwan, Turkey and Vietnam bypassed the countervailing duty on products of Indonesian origin.
Eight companies received an exemption from new duties. These companies (listed below) have demonstrated that there was no significant increase in the acquisition and export of stainless steel of Indonesian origin during the study period.
The European Commission's countervailing investigation into imports of SSCR of Indonesian origin from Taiwan, Turkey and Vietnam was launched in response to a request submitted by the European Steel Association (Eurofer) in July 2023.
Eurofer described this week's resolution as "an important step towards restoring a level playing field for the European stainless steel industry."