EU Imposes Definitive Anti Dumping Duties on Imported HRC from Four Countries

EU has imposed definitive anti dumping duty on hot-rolled steel originating from Brazil, Iran, Russia and Ukraine in order to protect the domestic industry from cheaper imports. However EU has terminated the investigation on imports arising from Serbia.

European Union has yesterday announced its final decision on imposition of anti dumping duties on hot rolled steel from Brazil, Iran, Russia, Serbia and Ukraine. Exempting Serbia, all four countries – Brazil, Iran, Russia and Ukraine have been taken into consideration for imposition of definitive anti dumping duty.

Eurofer-European steel association had initiated the investigation on 23 May’16 and was in the favor of imposing final dumping duties on above mentioned countries, however European commission (EC) was opposing the imposition of final anti dumping duties on hot rolled steel .Hence the investigation which had started long back but was pending for final decision.

Since the nation has been facing tremendous problem of flooding of cheaper imports from China and other countries,leading to sharp decline in European domestic prices.

Rates of Definitive Anti Dumping duties applicable:

All other Brazilian companies are subject to anti dumping duty of Euro 63.0/MT, Iranian companies – Euro 57.5/MT, Russian companies – Euro 96.5/MT and Ukrainian companies – Euro 60.5/MT.

Link to the official Journal

It is to be noted that the European Commission has already imposed definitive anti-dumping duties at the rate of 18.10-35.90% on hot rolled coil imported from China.