UK proposes measures on stainless steel from India be removed

LONDON, 21 December 2022, (TON): The UK TRA has proposed that countervailing measures on Stainless Steel bars and rods from India be revoked.

In its initial findings, the UK’s Trade Remedies Authority (TRA) has today (20 December 2022) proposed that a countervailing measure on imports of Stainless Steel bars and rods from India be revoked.

Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

The TRA, as set out in the Statements of Essential Facts, found that revoking the measure would be unlikely to cause injury to the UK industry.

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