The Eurasian Economic Commission (EEC), the executive body of the Eurasian Economic Union (EEU) which includes Belarus, Kazakhstan, Russia and Armenia, has announced that it has decided to launch an antidumping (AD) investigation into imports of certain types of steel pipes from Ukraine.
According to the results of the previous investigation held in 2011, antidumping duty of 18.9 percent was imposed on casing tubes, 19.9 percent duty on pumping-compression tubes, while antidumping duty on oil and gas tubes as well as on hot deformed tubes for common usage up to 820 mm diameter was imposed in the range of 19.4 percent to 37.8 percent. The validity of these AD duties will expire on November 18, 2015. “Since dumping deliveries from Ukraine are continuing, we have launched a repeat investigation,” commented the EEC.
Prices of Ukrainian tubes have been falling continuously, the EEC stated. Thus, in 2012-2014 the average price of casing tubes delivered to the Eurasian Economic Union from Ukraine, decreased by 26.6 percent, the price of pumping-compression tubes declined by 22.2 percent, and the price of oil and gas tubes as well as of hot deformed tubes for common usage up to 820 mm from Ukraine decreased by 31 percent. Accordingly, prices of Ukrainian tubes were on average almost half compared to the priced of tubes delivered to the Eurasian Economic Union from other countries.
According to the Eurasian Economic Union, during the 2012-2014 period the total income of enterprises in the EEU from sales of casing tubes decreased by 13.2 percent, their income from sales of pumping-compression tubes decreased by 71 percent, and their income from sales of oil and gas tubes as well as of hot deformed tubes for common usage up to 820 mm decreased by 11.6 percent.
“These circumstances allow us to state that, if AD duties on these types of steel tubes are cancelled, the volumes of dumping imports from Ukraine to the EEU will continue, which will lead to a further worsening of the union economy,” the EEC concluded.