Feb 20, 2023
EC terminates review of anti-dumping measures on hot rolled steel imports from Ukraine
2023-03-24
The European Commission has terminated an expiry review of anti-dumping measures in force on imports of hot rolled steel products imported from Ukraine, it said Feb. 16.
The expiry investigation was initiated Oct. 5, 2022 and formed part of a wider review of EU anti-dumping measures on certain flat-rolled iron, non-alloy steel or other alloy steel products imported from Brazil, Iran, Russia and Ukraine
The request for the review was submitted on July 4, 2022 by the European Steel Association EUROFER, which expressed concern that the expiry of the existing anti-dumping measures would lead to the dumping of steel products in the European marketplace and injury to the EU steel industry.
According to a regulation published in the Official Journal of the European Union Feb. 16, Eurofer withdrew its request for an expiry review investigation of Ukrainian-sourced product Nov. 23, 2022 due to developments in Ukraine that included the destruction of steel mills and energy infrastructure.
“Given the developments that have taken place since the request was lodged and, especially, since the expiry review was subsequently initiated, circumstances with regard to Ukraine have changed to such an extent that it is no longer appropriate to pursue an expiry review against HRF imports from Ukraine,” it said.
According to the European Commission, Eurofer also stated that steel production in Ukraine is unlikely to return to normal in the short-to-medium term and it is therefore unlikely that Ukrainian hot rolled flat steel products would contribute to a recurrence of injury to the European steel industry any time soon.
The Commission said that it will continue with the expiry review with respect to imports originating in Brazil, Iran and Russia.
Following a year-long antidumping investigation, the European Commission imposed a definitive antidumping duty on imports of hot-rolled flat steel production from Brazil, Iran, Russia and Ukraine Oct. 17, 2017.
The rate of duty applied to imports from Ukraine was Eur60.5/mt ($70.97/mt) while the rate applied to Iran was Eur57.5/mt.
Russia and Brazil were subject to respective rate ranges of Eur17.6/mt to Eur96.5/mt and Eur53.4 to Eur63.0/mt, depending on the company involved.
Platts, part of S&P Global Commodity Insights, assessed Northwest Europe hot-rolled coil at Eur822.6/mt ($875.4/mt) ex-works Ruhr Feb. 16, up Eur1.5/mt on the day.
— Euan Sadden
Source: Eurometal
