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More Stainless Steel Anti-dumping Tax On EU
Dec 05, 2016

The European Commission taking into account the long-term effects of dumping products into the European market, drew attention to the Chinese mainland and Taiwan tariffs on imported stainless steel products certainty has agreed by the European Confederation of iron and steel industry at present. European Commission plans imposed on Chinese mainland steel tape 24.3%-25.3% tariff on Taiwan 6.8% anti-dumping tax on imports of stainless steel.

Higher anti-dumping duties on the European Union leads to the contradiction between supply and demand of domestic stainless steel market has intensified. But at 10000 USD/ton nickel plate near the shock, it is difficult to market cost of stainless steel surfaces to form a clear support, and low nickel prices over the short term adjustment in expected strong industry a more cautious market merchants offer careful adjustment. Information about currently Wuxi is too 304/2B steel coil base price is 11900-12000 RMB/ton, terminal needs to enter the traditional peak season, but needs to start than expected, market turnover improved in the early, the overall supply has yet to appear in circulation has increased significantly. Some workers later arrived in some steel supply is expected, or short-term market will see continued pressure, without significant benefit, boosted further over the short term resistance is greater.

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