Antidumping Duties to be Applied on Hot-Rolled Steel by the European Commission
Following the complaint made by Eurofer (European Steel Association), the European commission has initiated an investigation on the imports of hot-rolled steel from Brazil, Iran, Ukraine and Serbia on July 2016.
During the Investigation, the Commission concluded that the increase in volume of dumped imports from the five countries concerned is fully attributable to the substantial increase in volumes of the Russian and Brazilian imports with prices falling by about a quarter during the period of investigation, according to the document.
Although the Commission terminated their investigation into Serbian steel imports with no tariffs imposed, it is proposing duties to Brazil, Russia, Ukraine and Iran that varies from 23% to 5.3%.
Brazilian companies received proposed duties of 16.3 percent for steel from ArcelorMittal Brasil, 17.5 percent for Usinas Siderurgicas and 15.7 percent for Companhia Siderurgica National.
The European Association of Steel (Eurofer) argued that the proposed dumping margins would allow for continued dumping and promote over-capacity in the exporting countries. Eurofer strongly believes that higher duties than the ones proposed should be applied in order to avoid the alleged injury.
Definitive duties are expected to be applied by October 6, 2017.