The European Union imposed duties on rolled metal imports from Ukraine

Евросоюз ввел пошлины на импорт проката из Украины

Duties in particular raised Metinvest

Also duties imposed against Russia, Brazil and Iran.

The European Union imposed anti-dumping duties on imports of hot rolled steel from Ukraine, Russia, Brazil and Iran. The relevant decision published in the Official journal of the European Union, reports the Economic truth.

The European Commission launched an investigation against hot rolled steel from Brazil, Iran, Russia, Ukraine, and Serbia in July last year in response to a complaint by the European steel Association Eurofer.

During the investigation it became known that the share of hot rolled steel from all countries, except Serbia, the EU market grew to 12.6% in 2016 from 7.5% in 2013. The prices for steel have fallen by a quarter.

Therefore, the EC decided to terminate the investigation in respect of Serbia and to impose duties of other manufacturers.

In Ukraine, in particular, for this steel producer as Metinvest, has introduced a fee in the amount of 19.4%. And to date, fixed amount duties on products Metinvest is 60.5 euros per tonne.

As noted, in the EU there are more than 40 different anti-dumping measures to protect European steel producers, which are mainly used against China. For example, in June duties on steel imports from China were increased to 35.9%.

We will remind, the authorities of the United States upheld anti-dumping restrictions on imports of silicomanganese from Ukraine.

 

Source

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