EU mulls fixed duties on certain HR flat products from four countries

Tuesday, 26 September 2017 15:45:44 (GMT+3)   |   Istanbul
       

SteelOrbis has heard from sources that the European Commission (EC) has proposed to impose fixed duties per metric ton on certain hot rolled (HR) flat products of iron, non-alloy or other alloy steel imported from Brazil, Iran, Russia and Ukraine rather than imposing ad valorem duties with a minimum import price (MIP).

In July this year, the commission proposed to impose final ad valorem antidumping (AD) duties ranging between 5.3 percent and 33 percent on the mentioned imports from the countries in question and also proposed to set minimum import prices for the same imports.

The products subject to investigation currently fall within CN codes 7208 10 00, 7208 25 00, 7208 26 00, 7208 27 00, 7208 36 00, 7208 37 00, 7208 38 00, 7208 39 00, 7208 40 00, 7208 52 99, 7208 53 90, 7208 54 00, 7211 14 00, 7211 19 00, 7225 19 10, 7225 30 10, 7225 30 30, 7225 30 90, 7225 40 12, 7225 40 15, ex 7225 40 60, 7225 40 90, 7226 19 10, ex 7226 20 00, 7226 91 20, 7226 91 91 and 7226 91 99.

Accordingly the proposed fixed duties are;

Country

Exporter/Producer

Proposed fixed duty rates (€/mt)

Brazil

Arcelor Mittal Brasil S.A.

54.5

and Aperam Inox América do Sul SA.

Usinas Siderúrgicas de Minas Gerais S.A.

63

Companhia Siderúrgica Nacional (CSN)

53.4

Gerdau Acominas

55.8

Russia

Novolipetsk Steel (NLMK)

53.3

Magnitorgorsk Iron & Steel Works (MMK)

96.5

Severstal

17.6

Ukraine

Metinvest

60.5

Iran

Mobarakeh Steel Company

58


Similar articles

US flat market steady as buyers are sidelined on weak economic data

26 Apr | Flats and Slab

Romanian flats prices stable despite slower trade

26 Apr | Flats and Slab

Chinese domestic PPGI prices fluctuate slightly, sentiment affected by futures price drop

26 Apr | Flats and Slab

Major steel and raw material futures prices in China - Apr 26, 2024

26 Apr | Longs and Billet

Global View on HRC: Prices mainly up in most regions, but trade hit by non-VAT investigation in China

26 Apr | Flats and Slab

European HRC mills make attempts to hike offers, import prices firm up further

26 Apr | Flats and Slab

Flat steel prices in local Taiwanese market - week 17, 2024

25 Apr | Flats and Slab

Major steel and raw material futures prices in China – Apr 25, 2024 

25 Apr | Longs and Billet

Stocks of main finished steel products in China down 5.4% in mid-April

25 Apr | Steel News

China issues serious warnings to non-VAT exporters, effect on prices too uneven so far

24 Apr | Flats and Slab