InvestorQ : Why has European Union imposed anti-dumping tariffs on stainless steel from India.
Anamika Sodhani made post

Why has European Union imposed anti-dumping tariffs on stainless steel from India.

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Angel dcosta answered.
2 weeks ago
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That is absolutely correct. The European Commission has imposed anti-dumping tariffs on imports of cold-rolled flat stainless steel products from India and Indonesia. The argument of the EC was that India was selling these products at artificially low prices in Europe to the detriment of the local players.

The EC imposed duties of 13.9% on Jindal Stainless as well as Jindal Stainless Hissar and 35.3% for other producers. The EC’s has already announced that these anti-dumping dues would take effect immediately and would compensate the local players in Europe for some of the damage caused to metal companies by this dumping by India. These duties will make Indian stainless steel more expensive in EU.

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