Industry News

EU Drops Anti Dumping Investigation on Indonesian Stainless Steel

Views : 250
Update time : 2020-11-18 16:26:46

The European Commission has terminated an anti-dumping probe into hot-rolled stainless steel from Indonesia after the European steel lobby withdrew their complaints, the Indonesian Trade Ministry said on Tuesday. 

The decision ensures access to a key market for Indonesia's steel industry, which has ramped up its production capacity in the past few years. 

"Indonesia welcomes the European Union's decision to cancel the investigation because from the start we believed that Indonesian products always compete fairly in the European market," Trade Minister Agus Suparmanto said in a statement.

"We will encourage the Indonesian industry to take advantage of this cancellation by improving the export performance of [hot rolled stainless steel]  products to the European Union and proactively maintaining export access," Agus said.

Indonesia began exporting the hot-rolled stainless steel to the EU in 2018, raking in a total of $99.3 million from the shipments that year. The export increased a little to $100.5 million in 2019 when the European Union Steel Industry Association (Eurofer) complained about Indonesia's alleged dumping practice. 

Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11