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29-06-2011 European Union imposes 50-70% antidumping duty on Chinese Stainless Steel Tube
On 30 September 2010, the European Commission (‘the Commission’) announced, by a notice published in the Official Journal of the European Union, the initiation of an anti-dumping proceeding with regard to imports of certain seamless pipes and tubes of stainless steel originating in the People’s Republic of China.
The outcome of this proceeding has led to the Commission imposing a 50-70% antidumping duty on stainless steel tubes and pipes from Chinese origin, effective as of 29th of June, 2011. This is expected to result in European companies going back to European mills for (part) of their stock orders which in turn is expected to lead to higher prices and longer deliveries.
Our suggestion therefore is to finalize all your stainless steel pipes/tubes orders at earliest, in order to have your European material while it is still available at normal price and delivery time. Send us your inquiries.
Outsource International B.V.
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