EU preliminary findings on HRC anti-dumping investigation

EU preliminary findings on HRC anti-dumping investigation

Accoring to latest information SteelOrbis achieved, the Europen Commission disclosed its preliminary findings on imports of hot rolled coil from Egypt, Slovakia, Hungary, Iran, Libya, Turkey. The Commission defines these findings as "information of a purely technical character on the calculation methods." This is not yet the conclusion on the outcome of the investigations, which will only be provided only in a few weeks time. The note reveals a dumping margin for Lisco (Libya) of 117.7%, Alexandria (Egypt) 35.4%, Dunaferr (Hungary) 16%, Mobarekh (Iran) 17.8%, US Kosice (Slovakia) 26.2% and Eregli (Turkey) 10.7%. The injury margin for Libya is 47.3% and for Egypt 19%. According to regulations, the duty to apply is based on the dumping margin or injury margin, whichever is lower. Consequently the duty for Egypt would be 19%. However, the note states that the market share of three countries namely, Iran, Libya and Hungary, is close to 1%, Iran and Libya being slightly below and Hungary slighty above. The note continues stating that "if the final determination shows that market shares are indeed below the de minimis levels, the proceedings will be terminated". The case was initiated on December 20, 2001 against Egypt, Hungary, Iran, Libya, Slovakia and Turkey as a result of complaints received from the Community producers that imports of certain flat rolled products of iron or non-alloy steel, of a width of 600 mm or more, not clad, plated or coated, in coils, not further worked at than hot rolled from the aforementioned countries are being dumped and are thereby causing material injury to the Community industry. No information is yet given concerning the findings reached in the review investigation covering South Africa and Bulgaria. It is reported by the case handlers that it might take several more weeks before such infomation is made public.