Cheaper Chinese imports are putting pressure on the margins of domestic stainless steel players, causing the industry to file a petition last year urging the government to impose a countervailing duty on Chinese stainless steel imports.
Nickel prices have stabilized after a period of turbulence, while global stainless steel production has slowed down, a scenario that is set to affect market dynamics for the remainder of the year.
BRUSSELS, March 29 (Reuters) - With ten rounds of sanctions since Russia invaded Ukraine in February last year, the European Union has rolled out its toughest punishment ever against a foreign country.