European Commission Targets Cold Rolled Steel Imports in Antidumping Investigation
The European Commission has launched an antidumping investigation into cold rolled flat steel imports from India, Japan, Taiwan, Turkey, and Vietnam. This move follows a complaint by the European steel industry association, Eurofer, submitted on August 4. Eurofer alleges these imports are sold below fair market value, harming EU steel producers. The complaint cites dumping margins between 10% and 50%, indicating significant unfair trade practices.
The investigation covers imports from July 1, 2024, to June 30, 2025, with injury trend analysis dating back to January 1, 2022. Interested parties have 37 days to submit their representations. The Commission aims to conclude the inquiry within one year, with a maximum deadline of 14 months from the notice date, September 18, 2024.
Impact of the Antidumping Investigation on EU Steel Market and Imports
The focus keyphrase “EU launches cold rolled steel antidumping investigation” highlights a critical step in regulating steel imports. Jon Carruthers-Green notes that EU steelmakers welcome this as protection against dumping. However, some foreign mills and traders worry it may create trade barriers rather than address market distortions.
India, uniquely, has a tariff-rate quota under the EU’s current import safeguards. Japan, Taiwan, Turkey, and Vietnam each face 13% caps on imports under the “other countries” quota, which have been exceeded recently. These countries accounted for 67.7% of cold rolled steel imports in 2024, nearly 1.85 million tonnes.
Rising Uncertainty Due to Antidumping Probe and CBAM Taxes
This new investigation adds to the uncertainty EU steel importers already face. Many have halted imports due to unclear costs related to the Carbon Border Adjustment Mechanism (CBAM) taxes starting January 1, 2026. The Commission has yet to set benchmark emissions, delaying importers’ cost calculations.
Additionally, the EU consults on a new import safeguard regulation set to replace the current one expiring in June 2026. Market uncertainty over this replacement weakens confidence in forward orders from third countries. Meanwhile, some suppliers in China, India, and South Korea already price steel including estimated CBAM costs, estimated at EUR40-70 per tonne, signaling market adaptation.
SuperMetalPrice Commentary:
The EU launches cold rolled steel antidumping investigation at a pivotal moment for European steel security. As global trade tensions rise and environmental policies tighten, this probe could reshape supply chains. Importers and producers must monitor developments closely, balancing protection with trade openness. Meanwhile, CBAM tax uncertainties and safeguard transitions could redefine import strategies in coming years. This investigation highlights the evolving challenges in maintaining fair trade while advancing green policies in metals markets.
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