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EU may imposes stainless steel tariffs on China and Indonesia

According to the Bloomberg Tax, the EU has imposed stainless steel tariffs on China and Indonesia.

European stainless steel producers, including Outokumpu Oyj and Acerinox SA, may impose tariffs on competitors from China and Indonesia for alleged dumping prices.

The EU began to explore whether China, and Indonesia's flat-panel stainless steel exporters are selling below Europe at a lower cost. The survey specifically involved hot-rolled stainless steel sheets and coils for other types of steel and pipe.

According to Eurofer, the European industrial group, the value of the EU's imports from the world last year was nearly 900 million euros ($1 billion).