The European Steel Association (EUROFER) has announced that the European Commission (EC) has found evidence of severe dumping of grain-oriented (GO) electrical steel originating in China, Japan, South Korea, Russia and the United States in the EU market. This severe dumping has resulted in significant losses for EU producers, and has damagingly undermined the EU’s grain-oriented electrical steel value chain. Given the seriousness of the dumping, up to 40 percent below the cost of production, proportionate and definitive measures have been found necessary to enforce the EU’s trade defense rules, as indicated by EUROFER.
Accordingly, the European Commission has calculated the minimum import price of around €2.050/mt for this product group.
“The European steel industry holds that the commission’s final proposal is a fair compromise that reasonably balances producer and user interests,” stated Axel Eggert, general director of EUROFER.